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Mace Ranch Innovation Center Project on Hold

Post Date:April 14, 2016 3:01 pm

On April 13, 2016, the Mace Ranch Innovation Center applicant announced they are placing their proposal on hold. Below is a press release issued by Mace Ranch Innovation Center for your information.

More information about the City's Innovation Centers process is available:


Mace Ranch Innovation Center Project on Hold

Davis, Calif., April 13, 2016 – Sponsors of the Mace Ranch Innovation Center project today announced that they are putting the proposal on hold to re-evaluate its feasibility.

The Mace Ranch Innovation Center (MRIC) project is proposed by Ramco Enterprises, The Buzz Oates Group of Companies and Reynolds & Brown on 212 acres at the northeast corner of Mace Boulevard and Interstate 80. It is anticipated to accommodate nearly 5,900 jobs at build-out.

A study prepared by Economic & Planning Systems, Inc. and reviewed at the Monday, April 11, Finance & Budget Commission meeting concludes that the project might not be feasible given that only 128 acres or 60 percent of the site are considered developable and that infrastructure costs are high. The estimated infrastructure costs of more than $50 million are four times the industry standard for similar projects, according to the project sponsors.

“We remain highly committed to the project but need to figure out how to make it work,” said Dan Ramos, project manager. “We appreciate the efforts of city staff to move our project forward and are disappointed that we have to take this step. We’ve invested considerable funds, gathered a significant amount of community feedback and taken substantially more time than is customary to process our proposal.”

“We want to develop a true state of the art innovation center that’s worthy of the site and the City of Davis, that can withstand the test of time, and that all of Davis can be proud of,” Ramos said.

“Through this process we’ve concluded that one way to make the center more feasible is to include workforce housing in addition to the innovation space, which along with providing environmental benefits would help the project build out faster and more quickly generate needed revenue for the city. Potential tech users from Davis and elsewhere have indicated that they are looking for well-planned projects where their employees can live, work and play,” Ramos said.

“We also need to explore other potential funding avenues such as the establishment of an enhanced infrastructure financing district, state grants, and cap and trade funding opportunities to improve the project’s economics. We will need to be very creative,” said Ramos.

An earlier EPS study indicated that the MRIC at build out would generate a projected $2.2 million annual surplus for the city to fund services like parks, libraries and public safety. The study also estimated that the MRIC will create more than 10,600 direct, indirect and induced jobs in Davis and Yolo County, and annually generate $651 million of labor income, and $2.6 billion of output.

There currently is no timetable for the project team to decide when or if it will proceed.

“While we’re taking this pause to reassess, we look forward to participating in the community discussion on what needs to be done collectively to move this project forward,” Ramos said.

For more information, contact Gene Endicott at 916-719-7214 or gene@endicottcommunications.com

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