Sacramento Kings Arena
The Sacramento Kings have sold the naming rights to their new downtown arena to Golden 1 Credit Union.
Now the city is promising local artists more than $1 million to showcase their art. But many of those artists are asking questions about how the selection process works.
Terrence Martin is a Sacramento artist with big ideas and a fiery passion for sculpture. He’s recently been commissioned to build a giant molecule as a piece of public art that will stand at the center of Silicon Valley. He has lots of clients, including the Kings.
The price tag would be $8 million, which is far above Sacramento International Airport’s price tag for its Red Rabbit piece, which cost less than $1 million.
Employees at Clark Pacific have been hard at work since last last year creating precast concrete pieces and steps for the new arena. This project alone has created jobs for dozens of people in Yolo County.
The Sacramento Planning Commission unanimously approved the Kings’ plans for a new hotel that will stand next to a new arena that is slated to open in the fall of 2016.
Armando Ponce has been cutting hair in downtown, just a few blocks away from the arena site, for 20 years. He says several tenants have already moved out of the building where he works because the rent was getting too high, and he fears he could be next when his lease is up.
CBS13 spoke to Cilantro’s owner Hugo Cervantes six months ago when construction began just a stone’s throw away from his restaurant. He was worried at the time as sidewalks would be closed, parking would be limited and dust and dirt would fill the air.
Ali Youssefi is one of the project’s developers, and he wants to revitalize the recently rebranded Kay District. That includes building close to 200 apartments on top of the old building with at least 15 restaurants and bars on all sides, including the alley.
Arena opponents are celebrating for the first time in the legal fight over the public financing of a new sports and entertainment complex in downtown Sacramento.
While the Sacramento Kings arena is still more than two years away, a new immersive experience will show people how it will feel to stand inside the complex.
Sacramento Mayor Kevin Johnson announced an oversight committee to make sure the city receives the community benefits team owners are promising on Monday. But at the same time, a watchdog group is warning the project could be much more pricey than it seems.