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STATE OF THE ARENA: ARCO ARENA II
Published March 7, 1995
ARCO Arena, home of the Sacramento Kings, is wholly owned by Capital Sports Entertainment -- the company that also owns the Kings. From the time the team moved from Kansas City in '85 until '88, the Kings played in ARCO Arena I, a temporary facility quickly created from a warehouse. ARCO I seated 10,333. The team moved into its current home after its completion in September, '88. ARENA: Arco Arena II, Sacramento, CA. TENANTS: Sacramento Kings, CISL Sacramento Knights. AGE: Opened November 8, 1988. OWNERSHIP: Owned by Capital Sports Entertainment (CSE). CSE owns both the Kings and ARCO Arena. MANAGEMENT: CSE manages the facility. COST: $40 million, privately funded by the owners that brought the team to Sacramento in '85. No financing was provided by any governing body. CAPACITY: 17,317 for basketball. LUXURY SEATS: 30 Super Suites seat 20-26, cost $95,000- 120,000/yr. Super Suites include rest room and bar facilities. 46 luxury boxes lie a level above the seats and are non-enlcosed. They seat 6-14 each, and cost $19,000-$39,000/yr. NAMING RIGHTS: Atlantic Richfield Co. has a long term agreement for naming rights, financial terms not available. CONCESSIONS: Concessions handled in-house, team controls all revenue, 67 concession service lines. ADVERTISING: CSE manages and controls all revenue. PARKING: Space for 12,000 vehicles. CSE manages and controls all revenue. GAME-DAY: CSE manages and is responsible. LEASE: CSE manages the building and controls all revenue. Lease terms not available. MAINTENANCE: CSE manages and is responsible. RENT: Figures not available. (Source: Susan Laudi, ARCO Arena spokesperson).