May 23, 2012- On Tuesday, David Stern the NBA commissioner, Ed Lee the Mayor of San Francisco and Peter Guber and Joe Lacob the owners of the Golden State Warriors announced plans that the NBA team would attempt to move back to San Francisco. Team officials said the earliest it could leave Oracle Arena would be in 2017 due to its current lease.
Guber said the dream could be a goal by making the matter have urgency. He said the team would play in San Francisco by 2017 and the arena will be a venue that is world class. The project has picked a spot that very few would be able to match.
The group unveiled some plans for the estimated $500 million project that will be privately funded, on Tuesday. The waterfront site will be close to the San Francisco-Oakland Bay Bridge. It will be only blocks for the baseball park of the San Francisco Giants and the financial district downtown.
The project still is far from starting as it has a number of years and several roadblocks to overcome before it is a reality. The proposed deal calls for the city to provide the location and the team will fix the piers that are crumbling at a cost of up to $100 million. No new taxes or money from the general funds of the city would be needed.