The KANGZ are back at it! I think you could make a The Office-esque mockumentary-sitcom about the Sacramento Kings, and it would truly be hilarious. The latest misfortune for the Kings is here: Their arena will reportedly cost a whopping $109 million more than the original projection. This was reported by Dale Kasler of the Sacramento Bee:
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.
…
The latest estimate was included in a report by the city’s construction consultant, Merritt & Harris
After the first $225 million, the additional costs are coming out of the pockets of Vivek Ranadive and the rest of the team’s owners. The (expensive) building is set to open with back-to-back Paul McCartney concerts on the fourth and fifth of October of this year.
