WEBVTT EXPECT. IT IS FINALLY COMPLETE. >> CUT THAT RIBBON. REPORTER: WIT MUSIC PLAYING AND CONFETTI SWIRLING, THE GOLDEN ONE CENTER WAS OFFICIALLY INTRODUCED TO SACRAMENTO. >> I WAS UP ALL NIGHT EMOTIONAL. ♪ REPORTER THE RIBBON CUTTING WAS PRECEDED BY BEACH BY -- SPEECHES BY PEOPLE WHO HELPED MAKE THE GOLDEN ONE CENTER A REALITY, INCLUDING DAVID STERN. >> HE WASN'T SURE WHY I WAS CALLING, BUT HOW ABOUT IT, AND THAT YES -- HE SAID YES. THE PRICE TAG WAS A LITTLE LOWER , BUT ONCE YOU HOOK THEM, IT IS COOL. >> WE HAVE A LOT OF PEOPLE TO THANK. REPORTER: MAYOR KEVIN JOHNSON SAYS HE NEVER THOUGHT HE WOULD BE PART OF THE THE GROUNDBREAKING AND RIBBON-CUTTING. >> WE SAID WE THOUGHT IT WOULD BE BIGGER THAN BASKETBALL. IT IS ABOUT JOB CREATION AND ECONOMIC DEVELOPMENT AND THE REVITALIZATION OF DOWNTOWN. IT WAS ABOUT CREATING AN ICONIC SPACE THAT IS UNIQUELY SACRAMENTO. REPORTER: A SPACE THAT IS NOW HOME TO THE KINGS, CONCERTS AND PESCHEL EVENT. -- SPECIAL OFFENSE.