Fit for a King
One of the NBA's newest gems and home to the Sacramento Kings served as a major catalyst for development for downtown Sacramento and the surrounding area. The impressive arena features aircraft hangar doors and the NBA’s first 4k videoboard. Golden 1 Center was the first indoor sports venue to earn LEED Platinum designation, the highest level of global recognition for environmentally conscious buildings and organizations. Outside the main entrance, an $8 million sculpture named “Coloring Book” by artist Jeff Koons greets visitors as they enter the building. All the concession stands at the facility are branded around local eateries and 90 percent of food and beverage concessions are sourced from a network of hundreds of farms within 150 miles.
CAA ICON's full scope of services were provided on this project. We provided a Project Development Plan through our Feasibility and Planning services, and our Strategic Advisory Group concurrently worked with the City of Sacramento to negotiate and structure a deal for the development of the arena and the redevelopment of the Downtown Plaza in addition to assisting the City in the development of the financing plan and negotiating the transaction.
Once a deal was completed, CAA ICON served as Project Manager providing the full scope of services for the Golden 1 Center project delivery:
- Plan and Organize
- Program and Strategize
- Design and Pre-Construct
The CAA ICON team was chosen to conduct a 90-day study regarding the feasibility of an arena located at either the “Railyards” site in downtown Sacramento or in Natomas.
It is announced that the Kings have a tentative agreement with the City of Anaheim to relocate to Anaheim, California.
CAA ICON’s Tim Romani joins Mayor Kevin Johnson in a presentation to the NBA Board of Governors’ relocation committee in New York City, which results in the extension of the deadline for the Kings relocation application.
The Kings decide not to file an application for relocation of the team to Anaheim. CAA ICON presents feasibility report to the Sacramento City Council and deems the arena project feasible at the Railyards site in downtown Sacramento.
Sacramento City Council approves the framework for an arena development agreement between the City and the Kings.
Efforts to finalize the arena development agreement between the City and the Kings are not successful.
Negotiations were underway to sell the Kings to a group from Seattle.
Vivek Ranadive, the founder and CEO of TIBCO and a minority stakeholder in the Warriors, comes forward as the leader of Sacramento's investment group.
The agreement to sell the Kings and Sleep Train Arena to a group led by Vivek Ranadive is done. The Kings remain in Sacramento!
A groundbreaking ceremony was held on October 29, as construction officially started on the downtown site.
The arena received its certificate of occupancy from the City of Sacramento.
The official opening is celebrated as Paul McCartney plays two concerts in the new Golden 1 Center.