Kings Notes: Arena, Thompson, Lawson

The estimated cost of the new Kings’ arena has risen by approximately $79MM to $556.6MM, Dale Kasler of the Sacramento Bee reports. The Golden 1 Center, which is scheduled to open in a month, was originally projected to cost $447MM, a figure that was revised to $477MM during groundbreaking in October 2014, Kasler continues. The latest estimate represents a $21.7MM increase in just the past month, though the additional costs must be paid by Kings chairman Vivek Ranadive and the other team owners, according to Kasler. The city’s subsidy for the arena was capped at $255MM. The construction of a downtown practice facility, and reconfiguring of the original design to create more lower bowl seats, were among the reasons for the additional costs, Kasler adds.