The Warriors are moving back to San Francisco for the 2017-18 season with a privately financed $500 million arena.

The franchise moved out of San Francisco after the 70-71 season.

The team has yet to have actual design plans worked up, but President and CEO Rick Welts said that "this will be an architecturally significant building, resting on an iconic site."

The Warriors hope to break ground within two years and complete the build in another three years to time with the expiration of the Oracle Arena lease.