Friday, September 30, 2005

 

Trade Center Coming to Sacramento?

Could a major trade center be coming to the Sacramento area within the next few years? There are some rumblings within other Valley media that a project named "The California International Trade Center" may be in the works. It may be part of the "Metro Air Park" proposal near Sacramento International Airport, or possibly in another location. Plans look to be similar to a major convention center, with a huge hotel, exhibit hall, and businesses employing 9000-20000 people. This is a project to be built with the support of a Sacramento business group and the Chinese government.

In an odd editorial in the Sacramento Bee a couple of weeks ago, the Bee gave support to a very vague description of what is to be a trade center. The Bee would only say that it might not happen, but if it did, it would be as big for the Sacramento economy as the techonlogical businesses (Oracle, Apple, Intel) that set up shop in the 1990's. The project was said to be a way for the Chinese government to expand trade with the United States in a city that is not only the Capitol of California, but already a growing market for China. The August 2005 edition of the California International Business Report says the Chinese are looking to establish a place they can convince American investors to do business with China.

Besides the Metro Air Park location, the Center may be built in the Arden area near the Capitol City Freeway, or in downtown Sacramento. Construction costs are expected to be near $900 million. Check back later to ValleyVue for updates on this developing story.

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