SACRAMENTO (CBS13) – Mayor Darrell Steinberg gave his inaugural State of the City address Thursday morning.

The event was held at Memorial Auditorium in Downtown Sacramento.

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Steinberg talked about his plan to create a multi-billion dollar fund for a whole slew of civic initiatives to improve the city, like infrastructure, housing and arts.

The mayor proposed a new sales tax to pay for the fund, or for the city to sell off some of its vacant land.

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Steinberg also highlighted Sacramento’s new prominence, like with the film critically-acclaimed film “Lady Bird” and the upcoming Clint Eastwood-directed movie “The 15:17 to Paris.”

He even acknowledged the news that broke earlier Thursday morning that Sacramento had been passed over as a finalist for Amazon’s HQ2, noting that the city has always been a “dark horse” candidate.

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On Sacramento’s push to get a Major League Soccer team, Steinberg said he remained confident in the city’s chances. However, he also noted how lack of private investment remains a challenge.