Memorial Auditorium 2018 renovation to cost $18 million |
The first phase of the project began in early June 2018 with
the renovation of the Memorial Auditorium at a cost of $16 million adding seating,
acoustic enhancements and other audio/visual upgrades. Renovations will enhance
the patron’s experience and allow the Auditorium to host all scheduled
performing arts events during the renovation of the Sacramento Community Center
Theater, which begins Summer 2019.
Convention Center expansion to cost $196 million |
The demolition of the Convention Center Administration
Offices (Panatoni Building) at the corner of 15th and K Streets will began
December 2018. This is a $196 million renovation/expansion of the Convention
Center adding meeting rooms, exhibit halls and more lobby and kitchen space.
Community Center Theater renovation to cost $85 million |
The Community Center Theater and the Convention Center will
close for construction in Summer 2019 and re-open in Fall 2020. During this
time, all shows scheduled at the Community Center Theater will be relocated to
the Memorial Auditorium, which will have completed its renovation. Meanwhile,
conventions and conferences temporarily will be hosted in various venues
throughout the city, but downtown hotels will continue to host overnight
visitors. At an estimated cost of $85 million, the renovation of the Community
Center Theater will enhance the theater’s aesthetic appeal, improve its lobby
and make the venue more accessible to disabled patrons.
Follow the construction time line here: http://www.cityofsacramento.org/Convention-Cultural-Services/Divisions/Convention-Center
How this is being funded:
The Sacramento City Council on Sept. 25, 2018 unanimously approved the issuance of up to $350 million in bonds to finance the renovation/expansion of the C3 Project, which includes the Convention Center, the Memorial Auditorium and the Community Center Theater. The bonds will not be repaid from the City’s general fund. Instead, they will be repaid by what’s known as the “transient occupancy tax,” or TOT. This is a 12 percent tax on hotel-room and short-term rental stays used for tourism-related projects.* In addition, local hotels have agreed to pay for the construction of the Convention Centers’ new ballroom, which will cost approximately $45-50 million.
How this is being funded:
The Sacramento City Council on Sept. 25, 2018 unanimously approved the issuance of up to $350 million in bonds to finance the renovation/expansion of the C3 Project, which includes the Convention Center, the Memorial Auditorium and the Community Center Theater. The bonds will not be repaid from the City’s general fund. Instead, they will be repaid by what’s known as the “transient occupancy tax,” or TOT. This is a 12 percent tax on hotel-room and short-term rental stays used for tourism-related projects.* In addition, local hotels have agreed to pay for the construction of the Convention Centers’ new ballroom, which will cost approximately $45-50 million.
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