Warriors to build new arena at Piers 30 & 32 in SF
Niall Kennedy stashed this in basketball
$500 million new arena just east of the Bay Bridge paid for with private funds.
$100 million needed to make the pier structurally sound enough to hold a stadium.
The Warriors owners want to buy the two acre parking lot across the street. Dodgers sale teaches you how valuable that can be!
Embarcadero BART and Muni station is as close to the new arena as the Coliseum BART station is to Oracle arena. The Transbay Terminal should be opening about the same time.
44 percent of the convention planners surveyed would be interested in renting an arena.
Previous plans to make this site a cruise ship terminal and America's Cup team headquarters failed because the piers are in such bad shape and would need to be completely redone.
Great find, Niall.
It's not a done deal, but it's an all-but-done deal.
Here's my read on the Warriors plan for a 2017 move in...
"It is going to happen - let there be no doubt," Warriors co-owner Joe Lacob said Monday.
Translation: Oakland loses again.
"Team executives say the model for the deal is the 1996 agreement between the city and the Giants, who were granted a 66-year lease of port land to build their new stadium."
Translation: The Warriors owners will make a mint, while San Francisco will see very little tax revenue for generations thanks to Proposition 13 giving them huge tax breaks on the two acre parking lot across the street.
"The new arena would not require any money from the city's general fund or new taxes, Lee and team officials said."
Translation: The Warriors will pay the upfront costs in exchange for favorable rent and having sole access to the arena's revenue stream.
44 percent of the convention planners it surveyed around the country would be interested in renting an arena.
Translation: Moscone is not big enough for the really big events.