Warriors Reject MLB Giants' Offer, Explore Own Plans For S.F. Waterfront Arena
The Warriors have "shunned an offer from the San Francisco Giants to build an arena on land next to AT&T Park," and instead the team is "quietly exploring plans to go it alone with a spectacular waterfront arena at Piers 30-32," according to Matier & Ross of the S.F. CHRONICLE. There was "hardly a mention of the Warriors when Giants executives unveiled" their $1.6B plan to convert 27 acres "around AT&T Park into a new neighborhood of homes, offices, shops, restaurants and parks." A source said the Warriors "do not want the Giants to be their middleman." Currently, the Warriors are eyeing the 13 acres of "concrete and pilings that make up Piers 30-32, the area that at one point was to be the hub of the America's Cup race before regatta organizers ditched those plans." The city has agreed to put $8M into "shoring up the aging piers, but the site would need an additional" $50M or more in foundation work to "handle a major development." The site is "closer to downtown and public transportation than the property on the other side of McCovey Cove from AT&T Park." Matier & Ross write, "Toss in the prospect of luring conventions to an iconic-looking arena in the shadow of the Bay Bridge, and the site gives the Warriors plenty of reasons to dream big." The Warriors' lease at Oracle Arena in Oakland "expires at the end" of the '16-17 season (S.F. CHRONICLE, 4/10).