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The Kings will soon have a new home in Sacramento to call their own. Here’s the Sacramento Bee with the latest:
Barely a month before opening, the Sacramento Kings continue to pour money into their new downtown arena, bringing the latest estimate of Golden 1 Center’s construction costs to $556.6 million.
The estimate has risen by $21.7 million in just a month, according to a construction consultant’s report submitted to Sacramento city officials late last week. The $556.6 million price represents a more than $79 million increase since the Kings broke ground in October 2014 on what was envisioned as a $477 million project. When the arena was first proposed to city officials, in 2013, Kings officials said it would cost $447 million –bringing the total increase in price to around $109 million.
