State government and Silicon Valley are teaming up.
On Thursday, Governor Gavin Newsom announced a $50 million investment from tech giant Meta to support a major redevelopment project in downtown Sacramento, paving the way for Sacramento State to expand its campus into the area.
The funding was secured by Sacramento State and the California Department of General Services (DGS) and will be used to jump-start the transformation of three underutilized, state-owned buildings along Capitol Mall into a mixed-use academic and housing district.
Plans for the sites include affordable and market-rate housing, a boutique hotel, a new downtown School of Public Affairs located near the Capitol, a performing arts and music venue, and an Artificial Intelligence Center designed to support a new bachelor’s degree in AI business management…