Lacob, Warriors concede 'dream arena' on Embarcadero

Lacob, Warriors concede 'dream arena' on Embarcadero
April 21, 2014, 10:45 pm
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We are paying a pretty penny . . . but we think it's going to be worth it. We think it’s still going to be very, very good. It's got a lot of advantages. And I think it's very doable...
Joe Lacob on new arena site

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LOS ANGELES – The dream arena, as imagined by Warriors co-owners Joe Lacob and Peter Guber, is dead. There will no sparkling new facility muscling its way into San Francisco's famously distinctive skyline.

The Warriors instead opted for another site, this on 3rd Street south of AT&T Park.

Lacob conceded to CSN Bay Area Monday night that spiraling costs and political pushback presented too many obstacles to overcome within the desired time frame.

"It became more difficult and more expensive as time went on," he said prior to Game 2 of the Warriors-Clippers playoff series at Staples Center. "The 8 Washington events and the costs obviously went up. We were always – always – evaluating Plan B and Plan C."

Lacob said the goal is to have the new site, for which the land was purchased through a deal with Salesforce.com, ready to open for the 2018-19 season.

"It was expensive as heck, so we had to see if we could get it," Lacob said. "We are paying a pretty penny . . . but we think it's going to be worth it. We think it’s still going to be very, very good.

[RATTO: Joe Lacob's grand plan gets dry docked]

"It's got a lot of advantages. And I think it's very doable. And that become a reality that we had to deal with."


So ends the quest for the arena at Piers 30-32, three blocks south of the Bay Bridge on Embarcadero. It was an ambitious plan from the start, particularly so given the team's original goal of opening in 2017.

The Warriors in February announced that they still planned to move forward with the Pier site, only with a new target date of 2018.

And now that site has been scrapped entirely for a new site that is much less conspicuous.

"While it isn't as spectacular in terms of its location," Lacob said of the 3rd Street site, "it met a lot of other criteria that we thought would be great for the city and great for us, including great public transit."

The Warriors are expected to make an official announcement Tuesday morning.