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Old Posted Jan 31, 2014, 7:55 PM
homebucket homebucket is offline
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Join Date: Jan 2012
Location: The Bay
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"The cost to rebuild two linked piers has risen dramatically since the Golden State Warriors announced the team wanted to build an 18,000-seat waterfront arena in San Francisco, and the franchise will likely miss its target fall 2017 opening date.

Team officials have not publicly conceded that the arena won't be ready for the start of the 2017 NBA season but acknowledge the projected cost just to fix the crumbling piers, currently used as a parking lot with magnificent views of the Bay Bridge, is now $180 million. That's roughly double the original figure the team estimated when it announced in May 2012 that it wanted to move from Oakland.

The new figure represents just the cost to make the 13-acre site suitable for an arena complex that would include stores, restaurants, a practice facility and a parking garage with terraced public plazas and greenery covering much of the structure. The $180 million figure is $10 million more than the previous high projection from last summer and comes after months of design work and outside review of costs for rebuilding Piers 30-32.

Team officials say they remain committed to the site and the higher price won't mean more public money going into the $1 billion project."


Uh oh. Also, just curious, are SFGate commentators representative of the majority of San Franciscans? Because it seems like most of them oppose the arena.
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