Warriors' Arena Plan Going To San Francisco's Budget Committee
The Golden State Warriors' arena proposal in San Francisco goes before the city's Board of Supervisors budget committee in the coming week.
The plan calls for San Francisco to reimburse the Warriors up to $120 million to repair Pier 30-32, the proposed site. The city says that it cannot afford to rebuilt the port on its own.
The projected cost of the arena and surrounding projects is $1 billion.
"Whether it's the Warriors or someone else, we have to fix that pier. No private developer is just going to come along and fix it for us," said Supervisor Jane Kim, whose district includes both AT&T Park and Piers 30-32.
Jennifer Matz, Mayor Ed Lee's point person negotiating the arena agreement, called it "a phenomenal deal for the city."
"It not only rehabilitates a crumbling pier that is a capital liability," Matz said, "but it creates a world-class open space and an entertainment venue for everything from family shows to concerts."