NBA Champions, the Golden State Warriors, acquired a 12-acre site in San Francisco’s Mission Bay neighbourhood on Monday, where it intends to build a new, 18,000-seat sports and entertainment arena.
According to a Reuters report by Rory Carroll, the vacant waterfront lot was purchased from cloud computing technology company Salesforce.com Inc. for an as yet undisclosed sum.
The Warriors’ plan is unique in the fact that it would be the only completely privately-financed arena or stadium in the United States for the past 20-years.
The Arena has been designed by MANICA Architecture, with Snøhetta’s Craig Dykers acting as senior design advisor.
Rick Welts, President & COO of the Warriors, said:
The Warriors are making an unprecedented, US$1bn investment in San Francisco. We’re the only sports team in America doing this all with private funds, on private land, with no public subsidy.
A multi-use arena will play host to not only NBA basketball, but also major concerts, family shows, conventions and a variety of other attractions.
The Warriors currently play their games at the Oracle Arena in Oakland, California – across the bay from San Francisco.
The new arena will mark the franchise’s return to San Francisco after 47 years – the team played in the city between 1962 and 1971 as the San Francisco Warriors, before moving to Oakland.
It is expected that the team will be rebranded and the former name reinstalled once the move has been completed.
If the current proposal wins all necessary approvals, the new Arena could be open in time for the 2018-19 NBA season.