After 5 Years, Golden 1 Center Impact Fuels Downtown Momentum
Golden 1 Center is rapidly changing the landscape of downtown Sacramento, spurring unprecedented change and injecting new life in the surrounding area. Since the arena broke ground in 2014, projects in Downtown, Midtown and West Sacramento totaling nearly $6.7 billion have grown the region’s urban core and continue to fuel its economy and quality of life. As the arena celebrates its fifth anniversary, Downtown Sacramento Partnership provides a snapshot of the economic activity and impact of the arena.
Golden 1 Center has been the center of downtown’s revitalization with 41 properties and nearly 5.4 million square feet of space changing hands since opening five years ago. Additionally, in the last five years:
• Property sales have totaled nearly $1.5 billion.
• 150 new ground-floor retail businesses have opened, 36 within DOCO (Downtown Commons).
• 2,068 new residential units were completed and another 3,332 are currently under construction.
See the full report: Golden 1 Center Snapshot