
Supporting a Rancho Cordova downtown doesn't necessarily mean supporting the DOVA deal
The Rancho Cordova Independent just published a useful article on DOVA and the city's financial role “DOVA advances as city explains financial role”
I thought the article was reasonably balanced overall. It explains that the much-discussed $185 million figure isn't an upfront check to the developer, and it also acknowledges that projected future revenue isn't guaranteed reimbursement. Those are important distinctions.
But what caught my attention was developer Joshua Wood's response to the article, which was posted on The Grapevine's Facebook page.
Wood wrote that “hundreds showed up in favor” of the project and thanked the Chamber, labor groups, community and church leaders, youth sports coaches and athletes, neighborhood leaders, and residents who “fought for our community to have a downtown.”
I don't doubt that DOVA has significant organized support. The 7-0 Planning Commission vote is also a fact.
But I think there is an important distinction getting blurred here:
Supporting the idea of Rancho Cordova having a downtown is not necessarily the same thing as supporting the specific DOVA development agreement.
Someone can absolutely believe Rancho Cordova needs a central gathering place, restaurants, entertainment, sports, hotels and more, while still asking whether this particular deal is the best way to get there.
The developer's response also doesn't really address the financial questions raised by the article. It doesn't explain the assumptions behind the projected future revenue, what the city's protections are if projections aren't met, or what happens if portions of the larger development are delayed, deferred or don't get built.
Those questions matter because the vision being promoted is much larger than the immediate project.
The DOVA concept is being presented as a future downtown with an arena, restaurants, hotels, housing, entertainment and other development. That's an attractive vision. But the Council isn't voting simply on whether Rancho Cordova should have a downtown. It's voting on a specific set of agreements, financial commitments and developer obligations.
So I don't think the useful question is:
“Are you for or against DOVA?”
I'd frame it this way:
Can we support the goal of creating a downtown while still demanding that the City Council scrutinize the actual financial and contractual terms of the DOVA deal?
I think residents can reasonably answer yes to both.