We are welcoming the Golden State Warriors back home to San Francisco!
The Warriors have been the Bay Area’s basketball team for 50 years, and we are setting the stage for the team to bring the Bay Area another 50 years of exciting basketball with a brand-new, privately financed, state-of-the-art sports and entertainment arena on our iconic waterfront.
It has been a full-court press to make sure Warriors owners Peter Guber and Joe Lacob understand that San Francisco is the best possible option for an arena. This sports and entertainment facility will bring thousands of new jobs and boost our local economy, and not just during construction. When the arena opens, it will host everything from product launches to concerts to national conventions and more.
Not to mention, basketball! The arena will be built in time for the 2017 NBA season. Located on Piers 30-32, between the Ferry Building and AT&T Park, the piers are in desperate need of repair. This project will be privately financed and will bring an exciting new entertainment experience to Bay Area fans. Under the agreement, The City will provide the land and the Warriors will pay to repair the crumbling piers and privately finance the arena project.
The new facility will host the Bay Area’s NBA basketball team, as well as provide a spectacular new venue for top-tier concerts, cultural events and conventions, prominent events The City currently cannot accommodate. The new sports and entertainment facility will create thousands of new jobs for Bay Area residents and generate tens of millions of dollars in economic growth every year. Games, concerts, conventions and other events will bring people from all over the region, and the money they spend will directly benefit local businesses.
The project will be more transit-accessible than almost any other arena in the nation. Accessible by BART, Muni, ferries and the new Transbay Terminal, we are going to make it easy for people from all over the Bay Area to come to games without driving.
The project will be a responsible development, and we’re talking about piers that need major work. They will be cleaned up, strengthened and made usable. We’re not developing on any existing green spaces. In fact, we’re adding green spaces and bringing people to the waterfront.
This project means enormous economic growth for our city. The new revenue that will be generated will be used for vital city services that local residents need and deserve, from public safety and schools, to pothole repair and public transit, to youth programs and senior services.
This has been a terrific team effort. I am fully committed to this project, and I know I have put a tremendous team in place to make sure we deliver.