The Sacramento Railyards (or Railyard Specific Plan) is an urban infill project of approximately 244 acres (99 ha) at the western terminus of the First Transcontinental Railroad located within the City of Sacramento’s Central City community, between the downtown Central Business District and the River District, near the confluence of the American and Sacramento rivers. The property is owned by Downtown Railyard Ventures, LLC. The Sacramento Railyards was master-planned by the Jerde Partnership firm. Construction will take 15 to 20 years with a projected build-out to last until the late 2020s.
The site is equivalent in size to the existing downtown central business district and holds significant historical and cultural importance to Sacramento. The project features the preservation and partial reuse of the "Central Shops" buildings originally used for railroad maintenance and the former Southern Pacific Sacramento Depot; now known as Sacramento Valley Station. One of the Central Shops will be refitted into a public marketplace.
Overall, the project is expected to include 12,000 housing units, 2,900,000 square feet (270,000 m2) of office uses, 1,900,000 square feet (180,000 m2) of retail, hotel, and other commercial uses, 41 acres (17 ha) of parks and open space, a 25,000-seat Major League Soccer stadium for Sacramento Republic FC, a 1.3 million square foot, 17.8 acre Kaiser Permanente flagship medical center campus, and create 19,000 permanent jobs.
The first railroad in Sacramento as well as California was the Sacramento Valley Railroad finished in 1856 and engineered by Theodore Judah. Judah's efforts to realize a transcontinental railroad was transferred to the power of "The Big Four" investors, who created the Central Pacific Railroad. The First Transcontinental Railroad was completed in 1869, when Central Pacific's line joined Union Pacific's at Promontory Summit. Sacramento's terminus was the primary departure station for the railroad until 1883.