Golden 1 Center construction progresses in downtown Sacramento last month. Randy Pench rpench@sacbee.com
Golden 1 Center construction progresses in downtown Sacramento last month. Randy Pench rpench@sacbee.com

City Beat

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City Beat

Luxury suites sold out at new Kings arena

By Ryan Lillis

rlillis@sacbee.com

July 06, 2015 03:32 PM

Even with a tumultuous off-season and a long playoff drought, Sacramento Kings fans are remaining loyal.

Kings team President Chris Granger said Monday that the team has sold all 82 of its luxury and “loft-style” suites at the Golden 1 Center, which is scheduled to be completed by October 2016. The suites are secured in long-term leases, Granger said.

The team also announced it has begun selling 850 premium seats in the first 10 rows of the arena’s lower bowl and 150 additional courtside seats in the new $507 million arena.

Kings fans have expressed a wide range of emotions in recent weeks over the team’s management amid reports that Coach George Karl and All-Star center DeMarcus Cousins are feuding. Some of that angst appeared to quiet down in recent days, however, after the Kings made a series of free agent signings.

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82 Number of luxury and ‘loft-style’ suites at Golden 1 Center

“We’re blessed in Sacramento that our fans are with us for the long haul and that they’re excited about what’s happening downtown and about the long-term future of the team,” Granger said.

Team attendance for Kings home games was higher last season than it’s been since 2007. And Granger said more than 10,000 fans have placed their names on a list expressing interest in season tickets at Golden 1 Center starting in 2016. Granger said the lowest prices for season-ticket seats in the new arena will be similar to those at Sleep Train Arena: $16 per game for the cheapest seats in the upper bowl and $43 in the lower bowl.

Granger said some of the excitement likely stems from the arena project and other development near the site.

He said the franchise is finalizing its financing for $300 million in development surrounding the arena. That work had originally been pegged at $250 million.

Construction has not yet begun on a 16-story hotel and condo tower bordering the arena but should start within the next four weeks, Granger said. He said that building may not be completed by the time the arena opens, but that restaurants and bars at the entertainment complex are expected to be finished.