It’s expensive to do waterfront development.
That’s what the Warriors owners are proposing — a new arena on Piers 30 and 32 in San Francisco that would move the Warriors from Oakland back into the city. But that’s going to cost them.
About $1 billion dollars, according to a KCBS report. You read that right, billion with a “B” — and it still could go higher.
Building a basketball on the San Francisco waterfront could cost $1 billion, an estimate Golden State Warriors President Rick Welts said is likely to grow as the team analyzes the site at Piers 30-32….
Just rehabilitating the piers in order to begin construction will cost $120 million, twice the original estimate, because of because of piers’ poor condition, Welts said Wednesday in an editorial meeting with KCBS and KPIX 5.
For some comparison, that is double the proposed costs for the new arena in Sacramento (part of the plans that kept the Kings in town).
The price tag isn’t frightening off the Warriors’ owners — they are moving ahead full steam with the plans.
Their goal is to have the arena open for the start of the 2017 season, although that could be optimistic. As with all waterfront development in California (or really any large development, trust me I covered this stuff professionally for a while) there is opposition. In this case there are both environmental groups and neighborhood groups concerned about the traffic and noise the building would generate. And that doesn’t even mention having to deal with the extra hurdles to develop along the water, including dealing with the California Coastal Commission (as bureaucratic and often illogical a governmental body as you can find).
The Warriors’ owners can most likely get this approved (and their now is expedited arena appeals process for those filing against it, something put in to move a football stadium in Los Angeles ahead). But it’s going to take a lot of perseverance.
MIAMI (AP) The Miami Heat will be without starting forward James Johnson for at least two games and probably more after bursitis was found in his right ankle.
Johnson left Miami’s win over the Los Angeles Clippers on Saturday with ankle pain, and an MRI performed Sunday led to the bursitis diagnosis. Johnson is not traveling with the team for its trip for games at Atlanta on Monday and Boston on Wednesday.
The team says Johnson could miss seven to 10 days, which would also mean his status for home games against Dallas on Dec. 22, New Orleans on Dec. 23 and Orlando on Dec. 26 is in some doubt.
Johnson is averaging 10.9 points and 5.2 rebounds for the Heat this season.
LeBron James notched his third-straight triple-double on Sunday, this one coming against the Washington Wizards. But before the game, the story was all about how James was voicing a silent protest — in Washington D.C., no less — by wearing a special version of his shoes.
LeBron took to the floor wearing his LeBron 15s, but this player edition had the word “Equality” on the back of them. James wore one black shoe and one white shoe.
James wore the black versions of this shoe in the Cleveland Cavaliers’ opener to start the season.
LeBron finished the game with 20 points, 15 assists, and 12 rebounds. The Cavaliers beat the Wizards, 106-99.
The Carolina Panthers are up for sale. Owner Jerry Richardson said he would sell the team late on Sunday following an announcement by the NFL that Richardson was under investigation for “workplace misconduct”. The NFL’s investigation and Richardson’s decision to sell was preceded by a report from SI saying Richardson had paid out settlements amid sexual harassment and racial slur claims.
Enter Sean Combs and Stephen Curry.
Combs — that’s Diddy, you to and me — has previously voiced his interest in being involved with the NFL, and after seeing that Richardson would be selling the team, jumped at the chance to boost his profile. Combs tweeted that he wanted to buy the team, and that’s when Curry joined in.
Naturally, Curry is from Charlotte and went to both high school and eventually college in the area, playing at Davidson. He’s an avid Panthers fan and has been on the sideline for the team publicly many times over the years.
Curry being part of an ownership group for the Panthers would be pretty wild. Perhaps Charlotte Hornets owner Michael Jordan would like to join in? It seems like they would have the liquidity and credit availability between the three of them to get the team.
Then again, the asking price for the Panthers could be north of $2 billion. The last team to be sold was the Buffalo Bills in 2014 for $1.4 billion. In September, Forbes released a valuation for the Panthers that put them at $2.3 billion.
Might need to get a few others involved in this one.
Vince Carter is 40 years old and playing in what could possibly be his final NBA season. The Sacramento Kings guard started his career with the Toronto Raptors, and on Sunday he played what could possibly be his final game at the Air Canada Centre.
And so, when Carter was subbed out late in the fourth quarter on Sunday, the folks in Toronto did what came naturally: they cheered.
The whole thing was pretty great to watch, and a real testament to how Carter is viewed by fans in Toronto.
Carter scored just four points in 25 minutes for Sacramento, going 2-of-5 from the field while adding three blocks, two assists, a rebound and a steal.
The Raptors got the win over the Kings, 108-93.