The Warriors' plans to play in a new, shiny arena on the San Francisco Bay aren't going as smoothly as they had hoped.
Rick Welts, Warriors president and COO told the San Francisco Chronicle that the cost to rebuild Piers 30-32 is now at $180 million, more than double the original projected cost.
"The Warriors will be spending upward of $180 million just to fix the city's pier. On top of that, we are spending another $40 million to build a 7-acre waterfront park. The Warriors can only recoup $120 million of that, from money that comes from the project, not from the port or the city," said Welts.
Getting the arena built by the start of the 2017-18 season is looking less likely, but the Warriors have yet to publicly admit they won't be able to meet that goal.