Sacramento is the capital of California, but for some reason the city of trees gets overlooked by larger cities like Los Angeles and San Francisco. That may all change, as the state’s capital will be opening a brand new arena, the Golden 1 Center, this October for the Sacramento Kings upcoming season.
After moving from Kansas City to Sacramento in 1985, the franchise played three seasons in a smaller arena was being built. Beginning in 1988, every game thereafter was played at their former arena, Sleep Train Arena. While the team has faltered over the years, the new arena is a sign of hope and not just for the team. The city of Sacramento and its people deserve something to help make the city thrive in many ways.
“From the beginning, we’ve said that this is a once in a generation project that is bigger than basketball. Golden 1 Center is becoming an engine for regional economic growth, a spotlight for the best of the region, and a place for Sacramento to celebrate,” said Kings President Chris Granger.
Businesses around the area are expected to boom and the arena hopes to attract more people to the city on a regular basis to show off the great aspects of Sacramento.
According to Golden 1 Center’s website, a third-party study estimated the arena will attract over one and a half million visitors to downtown. The study also estimated that these visitors will help boost the economy over the next 35 years, contributing $11.5 billion over that time.
Nonetheless, this amazing attraction comes at a steep price, costing $507 million with the city itself contributing $233 million. Although taxes will not increase to help pay for the arena, since the city began construction the cost of living has increased.
Renters in downtown and midtown have seen their rent steadily increase. Rents in Sacramento rose 10 percent from 2015, which tied San Francisco for the second highest rent increase. Those in the surrounding area could continue to feel the pressure to move elsewhere.
Not only is rent an issue, but many people are also worried about parking. However, the Kings are working hard to find parking for all their guests and working with different organizations to make it as simple as possible for everyone.
“The downtown corridor currently handles over 100,000 commuters for work daily,” Granger said. “And we’re working with our partners – The City of Sacramento, Sacramento Police Department, Regional Transit, SABA, nearby neighbors and businesses, and community leaders – to implement a plan that gives fans numerous options to get to Golden 1 Center in a safe, efficient manner.”
Despite the fact that rent has increased and parking could be an issue, the arena will benefit Sacramento in a huge way. Alas, the city has something to be excited for and the arena is a little over half a mile away from the state capital. And of course, basketball games are not the only events that will take place at the arena.
“We’re excited to celebrate with the city and bring over 200 events a year to Golden 1 Center.” Granger says.
Golden 1 Center should make the city of Sacramento an even more vibrant place than before. And for anybody who wants to be at the venue’s first event, Sir Paul McCartney is scheduled to open the new arena with performances on October 4th and 5th.