Golden 1 Certified LEED Platinum By Building Council Exclusive Look At Wizards Practice Facility Jazz Unveil Plans For $110M Arena Renovation Warriors' Chase Center Scheduled For Construction Expert: Rams Could Cash In With Naming Rights Bypass To Help Power MLBAM's Ballpark App Texas Live! To Break Ground In November Investment Group Offers To Purchase Coliseum Land Wells Fargo To Keep Signs Near U.S. Bank Stadium Broncos Accelerating Sale Of Naming Rights
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).