GIANTS AND WARRIORS MEET TO DISCUSS NEW ARENA
At the "urging" of San Francisco Mayor Frank Jordan, Giants
officials met yesterday with new Warriors owner Chris Cohan and
President Andy Dolich to discuss a possibile Mission Bay arena
site. The Giants are "trying to convince" Cohan that the planned
entertainment/sports complex would be the "best" site for a new
Warriors arena. The Warriors claim, however, that, if they were
to move to San Francisco, their "only choice" is Rincon Hill.
Although specific plans of the Mission Bay plan are yet to be
made public, the following points were made: Financing would
come from revenues raised specifically by the project itself,
with the city's percentage of parking and increased property
taxes used to repay bonds; no new taxes will be proposed; and,
the arena and stadium projects would be developed separately
(Glenn Dickey, SAN FRANCISCO CHRONICLE, 4/14).