Golden State Warriors Close on Mission Bay Arena Property
The Golden State Warriors closed on the purchase of the 12-acre Mission Bay site from Salesforce.com in October. The basketball team, which has spent the past 43 years in Oakland, plans to build its new, privately financed, 18,064-seat arena in time for the 2018-2019 season. The entire project, including 580k SF of office and lab space, retail and restaurant space and public plazas, is expected to cost more than $1B. Though the project has had opposition from the Mission Bay Alliance, it has received approval of a key environmental impact report and a transportation plan that seeks to mitigate traffic concerns.