The news is all over the place, but for a short recap…
Price: A cool 387 millllllion dollars.
Location: Downtown (think Railyards)
Seating: 19,000 seats for basketball and an increase of 44 luxury suites, going from 30 at Arco to 74 at the new venue.
Date of completion: May of 2015 – just in time to miss the 2014-2015 season.
Funds: As always, these are the most significant yet most questionable answers in any new arena situation. And while it’s not written in stone, large portions of the finances will come from a variety of taxes (hotel, taxi, arena) leaving the general public out of it – which kills two birds. No public financing and no vote needed on that.
Builder: ICON-Taylor led by Sacramento development firm David Taylor Interests. ICON is one of the leading sport complex builders in the Nation, completing such venues as the Pepsi Center (Nuggets), Ford Center (Thunder), Invesco Field (Denver Broncos), the retrofit of Staples Center (Lakers) and many other projects, both locally and globally.
More details to come, without a doubt – but the opening shots fired are extremely promising.
Just another victory added to the Kings in Sacramento scorecard.