City Gets Loan To Rennovate Del Paso

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(Sacramento, CA)
Tuesday, October 25, 2005

Sections of the north Sacramento neighborhood are rundown. City Councilwoman Sandy Sheedy says the low cost loan will help make the area safer and more business-friendly.

"It’s going to help us complete the streetscape. It’s going to have art in the medians, it’s going to bring street lights, it’s going to do a lot of the infrastructure. We have a lot of aging infrastructure in the North Sacramento area and this is going to replace it and repair it."

The loan comes from I-Bank, the state’s Infrastructure and Economic Development Bank. It’ll be paid back in tax increment money paid to the city by businesses in the neighborhood.