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New San Francisco home for Warriors could cost $1 billion

Jul 29, 2013, 10:22 AM EDT

Warriors San Francisco Arena

It’s expensive to do waterfront development.

That’s what the Warriors owners are proposing — a new arena on Piers 30 and 32 in San Francisco that would move the Warriors from Oakland back into the city. But that’s going to cost them.

About $1 billion dollars, according to a KCBS report. You read that right, billion with a “B” — and it still could go higher.

Building a basketball on the San Francisco waterfront could cost $1 billion, an estimate Golden State Warriors President Rick Welts said is likely to grow as the team analyzes the site at Piers 30-32….

Just rehabilitating the piers in order to begin construction will cost $120 million, twice the original estimate, because of because of piers’ poor condition, Welts said Wednesday in an editorial meeting with KCBS and KPIX 5.

For some comparison, that is double the proposed costs for the new arena in Sacramento (part of the plans that kept the Kings in town).

The price tag isn’t frightening off the Warriors’ owners — they are moving ahead full steam with the plans.

Their goal is to have the arena open for the start of the 2017 season, although that could be optimistic. As with all waterfront development in California (or really any large development, trust me I covered this stuff professionally for a while) there is opposition. In this case there are both environmental groups and neighborhood groups concerned about the traffic and noise the building would generate. And that doesn’t even mention having to deal with the extra hurdles to develop along the water, including dealing with the California Coastal Commission (as bureaucratic and often illogical a governmental body as you can find).

The Warriors’ owners can most likely get this approved (and their now is expedited arena appeals process for those filing against it, something put in to move a football stadium in Los Angeles ahead). But it’s going to take a lot of perseverance.

  1. RavenzGunnerz - Jul 29, 2013 at 10:30 AM

    My worries is that dtn SF does not have as many rabid fans as I see in Oakland… ps. I have never been to the bay area…

    • 49faithful - Jul 29, 2013 at 10:55 AM

      The new stadium would only be mins away from the old. I really don’t see Warriors losing any of the fans except if they were priced out.

    • nogoodtomedead - Jul 29, 2013 at 12:08 PM

      I am a bay area native. The Warriors fan-base is bay wide- those fans you see on TV aren’t only from Oakland. Its Oakland, SF, and all the surrounding suburbs. The fans will be there- no worries.

    • dezglobal - Jul 30, 2013 at 12:03 AM

      So why would it worry you? lol

  2. asimonetti88 - Jul 29, 2013 at 10:51 AM

    The stadium looks awesome. They should build it, but I can see why it would face a tough environmental review in SF.

  3. nflcrimerankingscom - Jul 29, 2013 at 10:59 AM

    This isn’t a surprise. Real estate costs in SF are higher than anywhere else (except Manhattan). Hopefully the rich hipster techies are rabid fans.

    • asimonetti88 - Jul 29, 2013 at 11:23 AM

      This arena would be less than 30 minutes away from Oracle Arena. Would barely be any difference between who attended.

      • nflcrimerankingscom - Jul 29, 2013 at 12:24 PM

        I dunno, over an hour via BART from SF to Oracle. Much less to the new arena obviously.

      • gsw77 - Jul 29, 2013 at 2:39 PM

        Not even close to being over an hour via bart. It’s 20 minutes.

    • sdelmonte - Jul 29, 2013 at 12:23 PM

      Makes me wonder how much a hypothetical new MSG would cost.

      • sportsnut101 - Jul 29, 2013 at 12:52 PM

        Well a new MSG would be cheaper cuz hey wouldn’t be building it over water n fixing peers

        Warriors overpaying for a stadium that will be need to be knocked down in 20 yrs

  4. herkulease - Jul 29, 2013 at 12:49 PM

    We Californians are used to these “sudden” increases in cost. They buy into these “low” estimates and sell it to people. Then “realize” things later.

    The high speed rail project is most obvious. 1st it was sold as a 33 billion dollar project in 2008. 2011 it became 68 billion. As of April it now sits at at 98 billion. They haven’t even started anything yet.

    The bay area has a few examples too. SFO international terminal was 1 billion over budget, and that was back in 2000.

    The new Bay Bridge span they are building. The entire project including retrofitting, is currently 6 billion over budget. This has yet to account for replacement of bolts that found that had issue.

  5. deadeyedesign23 - Jul 29, 2013 at 12:55 PM

    How is it even your pull quotes gain typos when they come over.

  6. newyorkshets - Jul 29, 2013 at 2:16 PM

    California has no money. So public funds will contribute minimal or nothing. The chargers attempted to obtain some too and were told to kick rocks.

    • asimonetti88 - Jul 29, 2013 at 2:50 PM

      “California has no money. So public funds will contribute minimal or nothing.”

      I wish! A stadium can be built with public funds still.

    • dcali808 - Jul 29, 2013 at 4:32 PM

      Isnt the City of Oakland still paying for the Raiders return

  7. vi3tguy415 - Jul 29, 2013 at 3:06 PM

    do they even think about traffic? it’s basically bumper to bumper, especially on the main street (embarcadero) on every Giant’s game. Where and how can you drive if there’s another sport game? unbelievable. all about $

  8. anhdazman - Jul 29, 2013 at 3:07 PM

    Last big earthquake hit in 89, the next one is due, once it does, it’ll put this plan on permanent hold.

  9. dcali808 - Jul 29, 2013 at 4:30 PM

    Boooooooo…They will do it, but what is wrong with Oracle. It is know as the best fan base in Basketball. Oakland gets no love during the TV area shots they always show SF, the NBA should give props to a mid-major city. Keep the Dubs in the East Bay. What if the owners spent that Billion on the team, with a mind state like that we could have kept both Landry and Jack and got Iggy. The Arena is next to Bart, how about spend the money and develop East Oakland around Oracle. Why do you think you had a loyal fan base for so many bad years, East Bay baby!

    • asimonetti88 - Jul 29, 2013 at 6:05 PM

      “but what is wrong with Oracle”

      It is the oldest stadium in the NBA. And the second oldest, MSG, just got a billion dollar facelift.

      • steviemo - Jul 30, 2013 at 3:18 AM

        It is not the oldest by any means. It was completely redone “inside the skin” in 1996.

      • asimonetti88 - Jul 30, 2013 at 11:05 AM

        How is it not the oldest? It was built in 1966. The next oldest, MSG, was built in 1968. The third oldest, Bradley Center, was built in 1988.

    • kvt7280 - Jul 30, 2013 at 12:28 AM

      You tell the city of Oakland to develop it, it’s not the owners fault if there are shootings all over Oakland. These owners are businessman as well, SF would give them the opportunity for them to make more money. Fans from other NBA cities have a chance to tour SF. That new arena will probably attract maybe another sports franchise to SF, too. It will also increase a chance for them to land other events and maybe even a bigger sponser like Microsoft, Apple or Google bidding for the naming rights. Fans will go where the Dubs go, even if they moved to say San Jose, etc. Even though the 49ers are moving down to Santa Clara, the 49er fan base will stay the same.

      • cfrylopez - Aug 4, 2013 at 2:23 AM

        There has only been 1 case in the History of the Warriors playing in Oakland where someone got shoot after a Warriors game, it was on highway 880 by someone the victim knew. There is no history of anyone getting shoot at the Oakland Coliseum during sports event over the 47 years of the Oakland Coliseum. ( there has been a few shooting at music events in the last 47 years) but there has been shootings in SF & SJ events too. The Warriors were the 4th most financially successful team in the NBA in 2012-13, & are #2 in season ticket holders for this coming season.

  10. gmsalpha - Jul 29, 2013 at 8:55 PM

    It’s funny to read “billion with a B”. Because….what, we were thinking that perhaps this arena was going to cost a “millon with an M”?

  11. atlbrave5 - Jul 30, 2013 at 2:21 AM

    Cali has money for whatever Cali needs money for. Everybody has to get paid which is why the costs always go over the so called “budget”! The 49ers are getting a new stadium, if a football team every came to LA a new stadium would break ground by 3pm the same day! San Diego can’t get a new stadium because the Chargers might not be there for very long, so they are not a good example. The state is crying broke, but is still actually VERY rich and they are not going to build anything until EVERYBODY CAN GET PAID…get it??? This new arena is going to have to make A LOT of people A LOT of money!!

  12. cfrylopez - Aug 4, 2013 at 1:57 AM

    The Warriors should stay in Oakland! They are trading the rowdy blue collar fans of the Eastbay & Daily City & South San Francisco for tourist & white collar fans of the financial district & techies. (Of course the Warrior have many affluent fans now, but the blue collar fan will no longer be season ticket holders in SF)They are trading die hard basketball fans from Oakland the home town of Bill Russell, Paul Silas, Jason Kidd, Gary Payton, Brian Shaw & many others, to attract casual fans to pay to watch basketball with a view. Basketball isn’t baseball, it’s an indoor sport. They are moving the team from the Coliseum area of Oakland the geographic center of the bayarea which has a BART station (the subway) an international air port, an AM Trak station, highways 880 & 580 & unlimited parking available, to one of the most congested areas in the US with traffic & parking challenges with out a 17,500 seat basketball arena/concert hall with only 200 VIP parking spots. The Warriors are taking their team away from an area that has supported their team even when the team has sucked. The Warriors are taking there business from an area that needs jobs to build an arena on the Bay. The construction & landfill on the beautiful San Francisco Bay will have a devastating environmental impact destroying tide pools & polluting the Bay & Ocean. But the Warriors owners will own the most valuable real estate in the country if a basketball arena is built on piers 30-32 that the whole bay area can be proud of & tourist will pay $100s of dollars per seat to watch a NBA game with a breath taking view from the concession stands.

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