Business Journal: $11 Million Boost Expected From CIM, Midtown Gets Ax-Throwing Bar

CIM This Weekend, $11 Million Boost Expected

The annual California International Marathon takes place Sunday, stretching from Folsom to downtown Sacramento, attracting thousands of participants and spectators, which translates into money spent at local hotels, shops and restaurants.

“We're talking about almost 10,000 marathon runners and 3,000 relay runners,” says the Sacramento Business Journal’s Sonya Sorich. “Those runners will come from 44 countries and provide an $11 million boost to the local economy, according to event organizers.”

Runners are expected to eat 15,000 bananas along the course – a good snack for long-distance runners – and use more than 60 tubs of Vaseline to help soothe chaffed areas.

Claimstake Coming To Cordova Golf Course

Rancho Cordova-based Claimstake Brewing Company plans to set up a full-service restaurant at Cordova Golf Course on Jackson Road. The project is expected to open by March. Cordova is a public course that was established in 1954. Sorich says it's part of the golf course's effort to make upgrades and keep players coming back.

"The golf industry has struggled for the last decade or so, due to factors such as sagging demand and competition from other forms of entertainment,” says Sorich. “Representatives from Cordova Golf Course say the recognition of Claimstake's name could help attract more younger golfers."

In recent years, several other Sacramento area breweries have expand with food projects, including Out of Bounds Brewing Company, Track 7 and New Glory Craft Brewery. Restaurant projects can help breweries attract new followers as the local craft beer scene continues to get more competitive.

Midtown Gets A New Ax-Throwing Bar

Another ax-throwing bar is coming to the Sacramento area, this time in Midtown. Ax-throwing is promoted as a team-building activity where patrons throw axes at targets on walls. A chain called Bad Axe Throwing Company wants to open a location near 20th and K streets in the spring. Sorich says the company plans to get a license to serve food as well as beer and wine, which have relatively low alcohol content compared with hard liquor.

"The operators of Bad Axe say the chain has never had an insurance claim in its five-year history,” says Sorich. “The business won't serve liquor in Sacramento, and local customers will get safety instructions before practicing their skills."

Earlier this year, another ax-throwing venue opened in Rancho Cordova.

New Manufacturing Plant In West Sacramento

A Dallas-based development company has submitted plans to build a 240,000 square-foot manufacturing plant in the Port of West Sacramento, near Southport Parkway and Lake Washington Boulevard.

“The building will be for Technip FMC, which operates the company in Davis that makes Schilling Robotics underwater robots,” says Sorich. “Those remote underwater robots and mechanical arms are used in oil exploration and drilling.”

For years, the founder of Schilling Robotics has told Davis leaders he needed to expand his operations dramatically. That expansion was one of the reasons cited to develop a proposed innovation park at Mace Ranch. That project hasn't materialized, though.