Golden 1 Center

Golden 1 Center
Location 547 L Street
Sacramento, California 95814
Coordinates 38°34′49.3″N 121°29′58.6″W / 38.580361°N 121.499611°W / 38.580361; -121.499611Coordinates: 38°34′49.3″N 121°29′58.6″W / 38.580361°N 121.499611°W / 38.580361; -121.499611
Owner City of Sacramento[1]
Operator Sacramento Kings LP, LLC[1]
Capacity

Basketball: 17,500

Concerts:(expandable to 19,000)
Field size 779,200 square feet (72,390 m2)
Construction
Broke ground October 29, 2014[2]
Opened October 2016 (planned)
Construction cost $507 million
Architect AECOM[3]
Mark Dziewulski Architect[4]
Project manager ICON Venue Group
Structural engineer Thornton Tomasetti/Buehler & Buehler[4]
Services engineer Henderson Engineers, Inc.[4]
General contractor Turner Construction[3]
Tenants
Sacramento Kings (NBA) (2016–) (planned)

Golden 1 Center is a multi-purpose indoor arena, currently under construction in downtown Sacramento, California. It sits partially on the site of the former Downtown Plaza shopping center.[5] The publicly owned arena is part of a business and entertainment district called Downtown Commons, otherwise known as DoCo, which will include a $250 million 16-story mixed-use tower.

The arena will host concerts, conventions and other sporting and entertainment events. Upon completion, it will replace Sleep Train Arena as the home of the Sacramento Kings of the National Basketball Association. The new arena will have more luxury suites and capacity will be expandable to about 19,000, compared to Sleep Train Arena's 17,300.

History

As part of the successful effort to keep the Kings in Sacramento, an ownership group led by Vivek Ranadivé purchased the majority stake in the team from the Maloof family, with the city agreeing to partner with the Kings to building a new arena by 2016. Construction began October 29, 2014.[2][6] Turner Construction, known in the Sacramento area for having built Terminal B at Sacramento International Airport and other projects on time and under budget.,[3] is the head of development for the new arena.

The Kings' previous owners, led by the Maloof family, first proposed a downtown arena in 2012.[7] The arena's estimated cost was $391 million. The City of Sacramento would have paid $255.5 million, the Kings would have contributed $73.25 million, and AEG was going to contribute $58.75 million.[8] On June 16, 2015, Sacramento-based Golden 1 Credit Union bought the naming rights for the upcoming arena.[9]

Financing

The Sacramento City Council voted approval of public financing and other terms on May 20, 2014.[10] The total cost of Golden 1 Center is estimated to be $507 million. The Sacramento Kings will contribute approximately $284 million and the City of Sacramento will contribute approximately $223 million. The City of Sacramento will finance its $223 million contribution through the sale of bonds ($212 million) and parking and economic development funds ($11 million).

Design

In addition to its location, Golden 1 Center will be carbon and grid neutral, as well as LEED Gold-certified, which is a rating system that measures the design, construction and operation of high performance green buildings, homes and neighborhoods. Developed by the U.S. Green Building Council (USGBC), it guides the building industry and provides standards for sustainability for a variety of projects. Golden 1 Center will also reflect the fabric of Northern California by utilizing regionally sourced materials that range from glass to recycled aluminum to potentially precast concrete, composed of sand from San Benito and rocks of Sierra limestone that reflect the colors of the region. What's more, Golden 1 Center will utilize only FSC-Certified wood, an international standard of quality and responsible forest management.

The first set of renderings (released January 2014) came after six months of workshops, open houses, town halls, and focus groups, in addition to multiple surveys yielding responses from over 20,000 Sacramentans.

Naming rights

On June 16, 2015, Sacramento-based Golden 1 Credit Union acquired naming rights for the arena at a cost of $120 million over 20 years, with an average annual value at $6 million, making it one of the largest naming-rights deals for a single-tenant NBA arena.[9]

Accessibility and transportation

It is estimated that 10-15% of visitors will walk, bike or take public transportation to Golden 1 Center events. More than 13,500 parking spaces exist within a ½-mile of the arena. Sacramento Regional Transit (RT) has five light rail stations in the vicinity, with the closest at 7th and K Streets. The Sacramento Valley Station, offering train, bus and taxi service, is located at 4th and I Streets.

Notable events

Basketball

The Sacramento Kings are scheduled to begin using the arena for the 2016–2017 NBA season.

College basketball

The National Collegiate Athletic Association (NCAA) announced Sacramento as a host city for the first and second rounds of the 2017 NCAA Division I Men's Basketball Tournament on March 17 and 19, 2017.[11]

Concerts

On November 6, 2015, it was announced Maroon 5 will perform at the Golden 1 Center on October 15, 2016 as part of their 2016 North American tour. It will be the first concert held at the arena.[12]

References

  1. 1 2 "Entertainment and Sports Center Frequently Asked Questions" (PDF). City of Sacramento. July 28, 2013. Retrieved August 1, 2013.
  2. 1 2 Kasler, Dale; Lillis, Ryan (October 29, 2014). "Kings Break Ground on New Downtown Sacramento Arena". The Sacramento Bee. Retrieved November 1, 2014.
  3. 1 2 3 Lillis, Ryan (July 31, 2013). "Kings Hire Turner Construction to Build New Arena". The Sacramento Bee. Retrieved August 1, 2013.
  4. 1 2 3 "Attachments". City of Sacramento. Retrieved April 18, 2014.
  5. ↑ Kasler, Dale (September 24, 2014). "More Tenant Departures Possible As Rest of Downtown Plaza Faces Remodel". The Sacramento Bee. Retrieved January 13, 2015.
  6. ↑ "Preview of ESC Documents". City of Sacramento. Retrieved May 11, 2014.
  7. ↑ Kasler, Dale (March 5, 2012). "Kings and AEG Like the Looks of New Sacramento Chance". The Sacramento Bee. Retrieved October 24, 2012.
  8. ↑ Associated Press (March 7, 2012). "Sacramento City Council Approves New Arena Plan to Keep Kings". ESPN. Retrieved October 24, 2012.
  9. 1 2 "Introducing Golden 1 Center: Golden 1 Credit Union and Sacramento Kings Announce Naming Rights Partnership for Sacramento’s World-Class Entertainment & Sports Center" (Press release). Sacramento Kings. June 16, 2015.
  10. ↑ Bizjak, Tony; Kasler, Dale; Lillis, Ryan (May 21, 2014). "Sacramento Kings Press Ahead with Arena While Opponents Plan Petition Drive". The Sacramento Bee. Retrieved January 13, 2015.
  11. ↑ March Madness returning to Sacramento in 2017
  12. ↑ "Golden 1 Center Welcomes Maroon 5 to Sacramento for Opening Week Show". Golden 1 Center. Retrieved 2016-02-09.

External links

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