New Sacramento arena
|This article is outdated. (May 2013)|
|New Sacramento arena|
|Broke ground||Fall 2014 (proposed)|
|Opened||October 2016 (proposed)|
|Owner||City of Sacramento|
|Operator||Sacramento Basketball Holdings, LLC|
|Construction cost||$448 million|
|Project manager||ICON Venue Group|
|General contractor||Turner Construction|
|Sacramento Kings (NBA) (2016-beyond)|
New Sacramento arena is a description of a proposed multi-use indoor/outdoor arena in Sacramento, California. It would mainly be used for basketball, and other indoor sports, as well as music concerts. The original idea came from the former Sacramento Kings owners, the Maloofs, who backed out of the deal in April 2012. However, as of May 15, 2013, the deal has immediately been revived and ready to commence. This new location would instead be at the Sacramento Downtown Plaza instead of the original Railyards plan.
Under the Maloofs, the proposed opening date was going to be the fall of 2015 and would have held 18,500 spectators. Once completed, the arena would have replaced Sleep Train Arena as the home of the National Basketball Association's Sacramento Kings.
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.
After the city of Sacramento petitioned to keep the Kings and won, Vivek Ranadivé, the team's new owner after purchasing them from the Maloofs, has put the plan back in action, hoping to start construction right away and open the new arena in 2016. The new arena would cost $448 million, with $258 million of that being funded by the City of Sacramento. The rest of the arena ($190 million) would be funded by the new majority owners. It was announced on July 30, 2013, that New York based Turner Construction would be the general contractor for the arena. Turner Construction is well known in the Sacramento area having built the new Terminal B at Sacramento International Airport and other projects on time and under budget.
- "Entertainment and Sports Center Frequently Asked Questions". City of Sacramento. July 28, 2013. Retrieved August 1, 2013.
- Lillis, Ryan (July 31, 2013). "Kings Hire Turner Construction to Build New Arena". The Sacramento Bee. Retrieved August 1, 2013.
- Lillis, Ryan; Kasler, Dale; Bizjak, Tony (March 6, 2012). "Sacramento Arena Plan Appears to Have 5 Council Votes for Passage". The Sacramento Bee. Retrieved October 24, 2012.
- Kasler, Dale (March 5, 2012). "Kings and AEG Like the Looks of New Sacramento Chance". The Sacramento Bee. Retrieved October 24, 2012.
- Associated Press (March 7, 2012). "Sacramento City Council Approves New Arena Plan to Keep Kings". ESPN. Retrieved October 24, 2012.
- "The Estimated Cost of the New Sacramento Arena, and Other Sacramento Kings Numbers". KXTV (Sacramento). May 23, 2013. Retrieved May 23, 2013.
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