HoopsHype San Francisco rumors

November 12, 2013 Updates

Q: On another topic, do you still believe it's doable to build an arena in San Francisco by 2017? A: I do. I'm an optimist. There are people who, from day one, said it's not going to be possible. No one ever said it's going to be easy. Unlike Sacramento, which is getting $300 million in public money, this is a privately financed arena. Not only is it privately financed, but it's costing $200 million more than an equivalent arena somewhere else because we're fixing the foundation, the piers, for the city. So it's literally a gift to the city of San Francisco. This is not just a condominium project or something like that. This is a civic gift, in many ways. It's something that all of the people can use, not just the Warriors. Not everyone is going to agree on this, but we think the majority of San Franciscans support this. To be attacked by someone like Art Agnos, who is a voice of the past . . . to say that we are billionaires trying to take over the city is a joke. That's absurd and it's insulting. What is he trying to do for the city? We're trying to do something positive. It is going to be tough. We're going to have to convince him and others – or outvote them – that what we're doing is in the best interest of the majority of San Franciscans and people of the Bay Area. We're going to try like hell to do it by 2017. But if it takes longer, it takes longer. We want something everyone can appreciate, use and be proud of. Just like the Golden Gate Bridge in the 1930s, nobody wanted it. Now it's a great thing. CSNBayArea.com

September 30, 2013 Updates

Bob Myers has a fabulous job, with a salary that allows him to live anywhere he likes, visit any place he chooses. On this particular day, as soft clouds hover above the Bay Area, the Warriors general manager chooses state prison. He's not alone. Another member of the one-percent club, Warriors coach Mark Jackson, a former NBA star, also arrives at the joint. These two one-percenters are voluntarily rubbing shoulders -- literally -- with men serving time at this world-famous lockup on the north shore of San Francisco Bay. Myers and Jackson and Warriors assistant coach Brian Scalabrine, one year removed from playing in the NBA, are joined by other members of the Warriors organization, including assistant general manager Kirk Lacob, the son majority owner Joe Lacob. Contra Costa Times

May 6, 2013 Updates
January 13, 2013 Updates

The source said the group includes JMA Ventures, the San Francisco investment firm that bought Downtown Plaza last year at a bargain-basement price. Any deal for the Kings would have to be approved by the NBA Board of Governors, and Sacramento officials are hoping to present a credible alternative to Chris Hansen, the hedge-fund manager who wants to buy the team and move it to Seattle. Sacramento Bee

September 4, 2012 Updates
May 30, 2012 Updates
May 23, 2012 Updates

Joe Lacob: "It’s going to be the Golden State Warriors. That’s our name until further notice. And I say until further notice because I’m leaving myself an out because at the end of the day, this comes down to what the fans want." San Jose Mercury-News

Warriors forward David Lee stood off to the side, after the speeches and promises and platitudes. Tuesday's news conference flowed with glamorous visions of the team's proposed arena in San Francisco, but Lee cut to the chase: "If you're a losing team, it doesn't matter if you have 24-karat gold seats in the new arena," he said. "The important thing is winning." That's the parallel mission for the Warriors as they try to build a home at Piers 30-32 in time for the 2017-18 season. They want to win before then, obviously, but this arena project offers a concrete timeline in some ways, giving them five years to reverse their perpetually losing ways. San Francisco Chronicle

May 22, 2012 Updates

Mayor Edwin M. Lee today announced that the Golden State Warriors plan to build a new sports and entertainment arena on the waterfront in San Francisco in time for the 2017-18 NBA season. The privately financed arena will be located at Piers 30-32 on San Francisco Bay, south of the Bay Bridge, between the Ferry Building and AT&T Park. “We are working with the Warriors to get a state-of-the-art, multi-purpose arena built on the waterfront in San Francisco and completed in 2017,” said Lee. “The Warriors have been the Bay Area’s basketball team for 50 years, and today sets the stage for the Warriors to be the Bay Area’s team for another 50. This project will provide millions of dollars in new tax revenue for San Francisco over the long term for services local residents need, including public safety, parks, public transit, pothole repair, youth programs and senior services.” NBA.com

“Building a world-class, state-of-the-art sports and entertainment facility will create thousands of new jobs for local residents,” said Warriors Co-Executive Chairman and CEO Joe Lacob. “We are pleased to be privately financing the arena – with no money from the City’s general fund and no new taxes – and look forward to providing an incredible entertainment experience for Bay Area fans.” The new facility will host the Bay Area’s NBA basketball team, as well as provide a spectacular new venue for top-tier concerts, cultural events and conventions, prominent events the City currently cannot accommodate. The new arena will be located in an incredibly transit- and pedestrian-rich location, with a Muni Metro stop at its doorstep, and only a few blocks from Embarcadero Station and the new Transbay Transit Center. NBA.com

The Golden State Warriors are jumping across the bay, with plans for a privately financed, $500 million waterfront arena that would allow the team to play its home games in San Francisco for the first time in more than four decades. The NBA franchise would leave Oakland for a 17,000- to 19,000-seat arena that would be built on Piers 30-32 near the foot of the Bay Bridge, a short walk from downtown, and open in time for the 2017-18 season. "It is going to happen - let there be no doubt," Warriors co-owner Joe Lacob said Monday. San Francisco Chronicle

Tomorrow, probably before noon, GSW co-owners Joe Lacob & Peter Guber are expected to announce their intentions to move the Warriors to San Francisco at the very site of this announcement. The Warriors are laying claim to Pier 30/32, on the Embarcadero, aimed for the 2017-’18 NBA season–which is the first time the Warriors can exit their lease with Oakland. San Jose Mercury-News

Actually getting this completed won’t be easy, or else something like this would’ve been done long ago, as Mark Purdy points out, surveying some of the history of failed efforts on that site and in San Francisco as a whole. Several sources involved with SF development told me today that you cannot overstate the difficulties of trying to even plan to build on that site. And Lacob & Guber have been seriously analyzing the Pier 30/32 site for less than a year–maybe less than four or five months. San Jose Mercury-News

Hey, as one well-connected source theorized, with San Francisco losing the 49ers soon, there is some increased motivation for the politicians to make life easier than normal for incoming sports developments. However… That other SF option–the AT&T Park/Mission Bay Project controlled by the Giants–is still there, and still further along with the permits and development than anything else. San Jose Mercury-News

Warriors co-owners Joe Lacob and Peter Guber said their driving motivation is to build an arena that would help them establish a winning basketball team. Yet they fully understand that the Bay Area, unlike other sports-mad regions, is unwilling to dip into public treasuries or raise special taxes to subsidize such a venue. They are counting on the appeal of the San Francisco site to make the project work. "This is a gamble," Lacob said. "This is a risk of large proportions." The city's contribution will be relatively modest. Lee said the team would receive a "very friendly" long-term lease for the piers on which the arena will be built. Those piers, just south of the Bay Bridge and owned by the Port of San Francisco, have become so unstable that they have been deemed unfit for uses more intensive than their current role as a parking lot. San Francisco Chronicle

The owners apparently have come to see the NBA's free-agency market as something of a real-estate game. Because the league's salary cap allows little variation in how much a premier player can earn on any team, a star might be more easily swayed by location, location, location. "We went through a year of negotiations in free agency and we whiffed," Lacob said at a Monday meeting with Chronicle reporters and editors, in advance of Tuesday's news conference announcing the Warriors' plans for a waterfront arena near the Giants' ballpark. "It does appear that it matters to major free agents where they play." Guber, via conference call, added: "The scarcest resource is the talent. If there is a not a world-class venue, that is a factor." San Francisco Chronicle

May 21, 2012 Updates

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