Updated: 4/22/2014 9:08 am
San Francisco, CA (SportsNetwork.com) - The Golden State Warriors have settled on a different location for a new 18,000-seat arena.
The club announced Tuesday the purchase of a 12-acre site in San Francisco's Mission Bay neighborhood from Salesforce.com, abandoning plans to build the venue on Piers 30-32 near the Bay Bridge.
"We believe Mission Bay is a perfect fit," said Joe Lacob, co-executive chairman and CEO of the Warriors. "It is a wonderful inland site in a dynamic part of the city that is convenient for fans from all over the Bay Area. We are buying private property, but the city will also get a new 5 1/2-acre waterfront park. It's a win-win for everyone."
The state-of-the-art facility, which the team plans to be ready for the 2018-19 NBA season, will be built on land bounced by 3rd, 16th and South Streets, and Terry Francois Blvd.
The transaction with Salesforce.com involves no public property and no public subsidy. There are no naming rights or sponsorship rights associated with the transaction.