Philanthropist Donates $40M To Assembly Hall Study: Sacramento Arena Brings $11.5B Impact Atlanta Leaders Went Into "Tailspin" Over Braves Move Astros' Targeted Spring Training Site Under Review Facility Notes Sacramento Transit Requests Kings Surcharge Detroit, Ilitch Family Near Debt Settlement Los Alamitos To Undergo $3M Upgrade Intel Signs As Founding Partner At Levi's Stadium Paul McCartney Could Close Candlestick
IF IT DOESN'T RATE, YOU MUST RENOVATE! WARRIORS DEAL NEARS
Published February 21, 1996
The Warriors and Oakland Coliseum Board members are close to a deal leading to a $100M reconstruction of the Oakland Coliseum Arena. Officials hope to announce the agreement this week, which would include the team signing a lease to play at the facility for "at least 10 years and perhaps as long as 30 years." The team will play next year at the Cow Palace in Daly City while the Oakland Arena is gutted and rebuilt, with 19,500 seats along with 4,000 club seats and 70 luxury boxes. The "reconstruction project will be privately financed with the arena itself used as collateral." Revenue from the rebuilt arena will pay for the loans. PSLs will be sold to "less than 50 percent of the seats," with the team marketing and selling the PSLs (Dennis Akizuki, SAN JOSE MERCURY NEWS, 2/21).