Nearly two months after it opened, Golden 1 Center’s construction cost has inched up again.
The new Sacramento Kings arena now carries a price tag of $558.2 million, according to a consultant’s report released Tuesday.
That represents an increase of nearly $1.7 million over the previous cost analysis. It’s also $81.2 million higher than the $477 million estimate pegged by the Kings when the Sacramento City Council approved the team’s arena development deal. That deal included a $255 million public subsidy.
The additional $81.2 million has been shouldered by the Kings’ owners.
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It wasn’t immediately clear what the additional $1.7 million was spent on. The new cost figure was disclosed in a report by Merritt & Harris construction consultants to team and city officials. The reports are filed monthly as part of the disclosure to investors who purchased the city’s arena bonds.
See what Sacramento's new downtown arena looks like as Sacramento Kings players warm up before their home opener against the San Antonio Spurs at Golden 1 Center. See anyone you know? Hector AmezcuaThe Sacramento Bee