A new lawsuit has accused the Sacramento Kings and development partners of mismanaging their 16-story hotel and condo project downtown, leading to construction confusion, massive budget overruns and tens of millions of dollars in still unpaid bills.
Swinerton Builders, the San Francisco-based general contractor hired in 2014 to build the tower, says the Kings and their partners, JMA Ventures, owe them and subcontractors $25.7 million, according to a suit filed Friday in Sacramento Superior Court.
The suit contends the problems stemmed from “radical” changes the owners called for at the last minute to turn an ordinary hotel tower into a sculptural showpiece, but failed to come to grips with the costs of doing so.