09 Apr Construction Begins On Warriors’ San Francisco Arena After Groundbreaking
Construction for the 18,000-seat Chase Center in San Francisco’s Mission Bay is underway. The project officially broke ground yesterday afternoon. The arena is scheduled to open for the 2019-2020 NBA season.
“No longer will San Francisco stand alone as the only American city of its size with no indoor venue of 10,000 seats or more,” Mayor Ed Lee said during the ceremony.
He said the arena is the only 100% privately financed arena in the country and will not be using city money. The Warriors are paying for the venue and purchased the land.
Mayor Lee said the arena will serve as a prime destination for concerts and other entertainment and create thousands of construction and permanent jobs. It will create more than enough revenue to pay for expanded transit, cover transportation and security costs, and benefit the entire neighborhood, he said.
The arena includes three acres of open space and 5.5 acres of public park along the waterfront. The 11-acre site will include restaurants, cafés, offices, public plazas and other amenities lacking in the area. Cushman & Wakefield’s San Francisco office will be in charge of leasing restaurant and retail space.
Warriors president and COO Rick Welts said this will be one of the world’s gathering places and can host concerts, conventions and other entertainment. Warriors owner and CEO Joe Lacob said the team will build upon the same concepts of Oakland’s Oracle Arena, the team’s current home, while adding what Oracle lacks.