Big news today about the Golden State Warriors’ planned 18,000-seat Mission Bay arena (which once faced opposition from UCSF, former mayor Willie Brown, and powerful political consultant Jack Davis): the NBA team has bought the 12-acre parcel where the sports and entertainment complex will be built.
[jump] As the Chronicle reports:
The Warriors purchased an option on the private property in 2014, and have spent the past year and a half participating in a public planning process. Environmental review is expected to be completed this fall. The team plans to open the new arena in time for the 2018-19 NBA season.
UCSF, which initially expressed concerns about traffic gridlock caused by arena events, announced last week that it fully endorses the Warriors’ project.
In addition to a sports arena that will also host concerts and other events, the complex will include restaurants, public plazas, and an adjacent 5-acre public park on the waterfront.
“The Warriors are making an unprecedented, $1 billion-plus investment in San Francisco,” president and COO of the Warriors Rick Welts told the Chronicle. “We’re the only sports team in America doing this all with private funds, on private land, with no public subsidy.”
Terms of the sale were not immediately disclosed.