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.