Golden 1 Center

Sacramento, CA
United States

Golden 1 Center is a once in a generation project designed to profoundly impact Sacramento and the region. ICON's expertise and insight was essential in helping deliver the most advanced and greenest arena in the world to our fans and the city ahead of schedule. The team at ICON has been an incredible resource to rely upon.

Chris Granger

President (former), Sacramento Kings

Description

17,500-seat multipurpose arena

Architect

AECOM

CM/GC

Turner Construction

Project Cost

$534,600,000

Status

Completed - October 1, 2016

Owner

Sacramento Basketball Holdings/City of Sacramento

Project Participation

20% of construction contracts awarded to Small Business Enterprises

Sustainability Rating

LEED Platinum

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Transforming Sacramento

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.

Services Provided

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:

Activate
Plan and Organize
Program and Strategize
Design and Pre-Construct
Construct
Complete

Early 2011

Timeline

January
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.

February
It is announced that the Kings have a tentative agreement with the City of Anaheim to relocate to Anaheim, California.

Spring 2011

Timeline

April
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.

May
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.

2012

Timeline

March 2012
Sacramento City Council approves the framework for an arena development agreement between the City and the Kings.

April 2012
Efforts to finalize the arena development agreement between the City and the Kings are not successful.

2013

Timeline

January
Negotiations were underway to sell the Kings to a group from Seattle.

March
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.

May
The agreement to sell the Kings and Sleep Train Arena to a group led by Vivek Ranadive is done. The Kings remain in Sacramento!