San Francisco Rumors
The Warriors purchased an option on the private property in 2014, and have spent the past year and a half participating in a public planning process. Environmental review is expected to be completed this fall; the team plans to open the new arena in time for the 2018-19 NBA season. “The Warriors are making an unprecedented, $1 billion-plus investment in San Francisco,” said Rick Welts, President and COO of the Warriors. “We’re the only sports team in America doing this all with private funds, on private land, with no public subsidy.”
With their surge to a NBA title and guard who earned a regular season MVP award, a number of Warriors players have been involved in the Silicon Valley culture that their team attracts to games and will likely continue to bring in when they move to their new arena in San Francisco. “You’ll see Larry Ellison, you’ll see Jack Dorsey, you’ll see Adam Bain,” said Harrison Barnes, listing off the names of the co-founder of Oracle and Twitter executives. “You’ll see all these guys courtside that they’re walking down the street people might not say ‘oh my god that’s so-and-so’ but if you know who they are and you know what they do, there’s obviously well-respected in their fields.”
Jordan Fliegel, the co-founder of CoachUp said that there were a million reasons they partnered with Curry – after all he’s marketable on his own personality and what seems like a sincere dedication to the company. But playing in the Bay Area is helpful. “I think as we go, if we need introductions to various people, Stephen’s offered to help however he can,” Fliegel said. “He’s a huge part of our team.” Curry is also involved in another company that’s “in the social media space that talks about athletes and fan engagement, especially on the professional level,” he said, that will hopefully be coming out in the next year. His agent, Jeff Austin, said that playing in the Bay Area definitely influenced the opportunities sent his way, even as a high-profile player.
Golden State Warriors President Rick Welts still will have a reason to celebrate if his team doesn’t win the NBA championship: he’s been named as the celebrity grand marshal of San Francisco’s gay pride parade. The San Francisco Lesbian Gay Bisexual Transgender Pride Celebration Committee announced Monday that it had selected the 58-year-old sports executive for the honor previously enjoyed by such notables as singer Cyndi Lauper, actor Cheyenne Jackson and transgender activist Chaz Bono.
But, a former financial advisor he’s suing in Bexar County for more than $1 million wants a federal judge to force Duncan to arbitration in California, or to move a portion of the suit to Colorado. U.S. District Judge Xavier Rodriguez has scheduled a hearing for Wednesday to take up motions by defendant Charles Banks, who says the investment agreements Duncan signed specify that all disputes over Duncan’s investments in hotel and winery businesses must go to arbitration in San Francisco or Los Angeles.