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GIANTS ANNOUNCE PLANS FOR NEW CHINA BASIN BALLPARK
Published December 22, 1995
The Giants announced plans yesterday to build the first privately financed baseball park in more than 30 years at San Francisco's China Basin. The 42,000-seat facility is scheduled to open April 2000. The Giants will be responsible for $140M of financing, with remaining capital from concession rights, advertising, business partners, and a limited number of premium seat commitments. The team will lease the site from the Port of San Francisco. If voters decide in March the site is acceptable, construction will begin in late '97 (Giants). A key element of the financing will be the sale of 15,000 PSLs, from which the owners expect to raise $35M (Seligman & Brazil, S.F. EXAMINER, 12/21). The ballpark will have 63 luxury suites, 5,200 club seats and 1,500 special field seats located on ground level between home plate and the dugouts (S.F. CHRONICLE, 12/22).