Golden 1 Center
| G1C | |
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The Golden 1 Center during the final stages of construction in June 2016
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| Address | 500 David J. Stern Walk |
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| Location | Sacramento, California |
| Coordinates | 38°34′49.3″N 121°29′58.6″W / 38.580361°N 121.499611°WCoordinates: 38°34′49.3″N 121°29′58.6″W / 38.580361°N 121.499611°W |
| Public transit | Sacramento Regional Transit District: at St. Rose of Lima Park |
| Owner | City of Sacramento |
| Operator | Sacramento Kings LP, LLC |
| Capacity |
Basketball: 17,608 Concerts: 19,000 |
| Field size | 779,200 square feet (72,390 m2) |
| Construction | |
| Broke ground | October 29, 2014 |
| Opened | September 30, 2016 |
| Construction cost | $558.2 million |
| Architect |
AECOM Mark Dziewulski Architect |
| Project manager | ICON Venue Group |
| Structural engineer | Thornton Tomasetti/Buehler & Buehler |
| Services engineer | Henderson Engineers, Inc. |
| General contractor | Turner Construction |
| Tenants | |
| Sacramento Kings (NBA) (2016–present) | |
Golden 1 Center is a multi-purpose indoor arena, located in Downtown Sacramento, California. It sits partially on the site of the former Downtown Plaza shopping center. The publicly owned arena is part of a business and entertainment district called Downtown Commons, otherwise known as DoCo, which includes a $250 million 16-story mixed-use tower.
The arena, which replaced Sleep Train Arena as the home of the Sacramento Kings of the National Basketball Association, hosts concerts, conventions and other sporting and entertainment events. 34 luxury suites were sold to include all events year-round. Suite partners have access to three exclusive clubs on the premium level including two skyboxes that overlook the concourse and have a direct view of the outside. There are 48 loft-style suites. Capacity is expandable to about 19,000 to accommodate concert audiences.
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 build a new arena by 2016. Construction began October 29, 2014.Turner Construction, known in the Sacramento area for having built Terminal B at Sacramento International Airport and other projects, was the construction manager for the new arena.
The Kings' previous owners, led by the Maloof family, first proposed a downtown arena in 2012. 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.
The Sacramento City Council voted approval of public financing and other terms on May 20, 2014. The total cost of Golden 1 Center was once estimated to be $507 million. The Sacramento Kings contributed approximately $284 million and the City of Sacramento contributed approximately $223 million. The City of Sacramento financed its contribution through the sale of bonds ($212 million) and parking and economic development funds ($11 million).
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