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.