Courtesy: Golden State Warriors

Report: Warriors' New Arena Project Gets More Expensive

The notion that the Golden State Warriors will be playing in a new waterfront arena in San Francisco by 2017 is getting more and more incredulous as the months go by.

The project to build a new arena on Piers 30-32 has hit several snags, the latest of which was revealed on Friday by John Coté of the San Francisco Chronicle. According to the report, the cost for rebuilding those piers, which are currently dilapidated, has doubled since May of 2012 to the tune of $180 million.

The cost of the entire project is expected to exceed $1 billion. Critics have complained about various issues, from traffic to environmental impact. Others point out that the arena will just become a large playground for the rich to lavish in, while the average citizen will be priced out of tickets. The proposed new arena has become a source of fierce debate for residents of San Francisco, living in such a diverse and opinionated city.

Therefore, another hurdle that owners Joe Lacob and Peter Guber will have to clear is convincing the voters of San Francisco to go along with the project. The Warriors will need approval from voters on the June ballot because the proposed arena, which would be 125-feet high, would exceed the height limit of 40-feet. Last year, voters struck down a proposal from the Warriors to build luxuries condos near the arena.

Given all these issues, it is unlikely that the arena gets done by 2017, sources tell The Chronicle.

Last week, Lacob spoke on KNBR about the time frame for the project.

“If everything worked perfectly, our goal was to be in for 2017-18,” Lacob said, via Rusty Simmons of The Chronicle. “I think that is going to be a challenge. We’re trying. We’re going to keep trying, but we need to do it right. It’s not just about getting it done. It’s about getting it done right. If it takes a year a longer, it takes a year longer. I’m not going to be concerned with that.”

Information from the San Francisco Chronicle was used in this report. 

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