The NBA Kings "continue to pour money" into Golden 1 Center with around a month before its grand opening, bringing the latest estimate of construction costs to $556.6M, according to Dale Kasler of the SACRAMENTO BEE. The estimate has risen by $21.7M in just a month, and the new price tag represents an increase of more than $79M since the Kings broke ground in October '14 on what was envisioned as a $477M project. When the arena was first proposed to city officials in '13, Kings officials said it would cost $447M -- bringing the "total increase in price" to around $109M. With the city’s subsidy capped at $255M, "all the additional costs are coming out of the pockets" of Kings Managing Partner Vivek Ranadive and the "rest of the team’s owners." Kings officials in the past have said that the increases "aren’t cost overruns." Instead, they "represent the costs of design changes implemented since the project was initially proposed." The building is "scheduled to open with a pair of Paul McCartney concerts Oct. 4 and 5" (SACRAMENTO BEE, 8/30).
