Mayor Lee’s Statement On The Approval Of Golden State Warriors Event Center In Mission Bay
Mayor Edwin M. Lee today issued the following statement on the approvals of the Golden State Warriors Event Center in Mission Bay by the Board of Supervisors:
“Today marks a huge win for San Francisco. This new, privately financed, state-of-the-art Golden State Warriors Event Center rounds out Mission Bay as an incredible and diverse ecosystem of technology, healthcare, science, and now entertainment. I thank the Board of Supervisors for approving this important project which will benefit San Franciscans for generations.
The rigorous, thorough, and comprehensive public review process demonstrates, once again, the commitment of the City, the Warriors, UCSF, and the community to build a multipurpose arena that works for the neighborhood and serves the entire Bay Area.
The Warriors are inspiring a new generation of fans throughout the Bay Area. I can’t wait to welcome them home to San Francisco.”
University of California San Francisco (UCSF), the biotech community, the Mission Bay Citizens Advisory Committee, labor partners, and others, supported the new privately-financed 11-acre Warriors event center that will provide year-round jobs, revenue for more transportation and open space in the neighborhood and create revenue for City services.
Highlights and benefits from the Warriors Event Center include $55 million from new taxes and fees generated by the project to be dedicated to transit infrastructure, including:
“Today marks a huge win for San Francisco. This new, privately financed, state-of-the-art Golden State Warriors Event Center rounds out Mission Bay as an incredible and diverse ecosystem of technology, healthcare, science, and now entertainment. I thank the Board of Supervisors for approving this important project which will benefit San Franciscans for generations.
The rigorous, thorough, and comprehensive public review process demonstrates, once again, the commitment of the City, the Warriors, UCSF, and the community to build a multipurpose arena that works for the neighborhood and serves the entire Bay Area.
The Warriors are inspiring a new generation of fans throughout the Bay Area. I can’t wait to welcome them home to San Francisco.”
University of California San Francisco (UCSF), the biotech community, the Mission Bay Citizens Advisory Committee, labor partners, and others, supported the new privately-financed 11-acre Warriors event center that will provide year-round jobs, revenue for more transportation and open space in the neighborhood and create revenue for City services.
Highlights and benefits from the Warriors Event Center include $55 million from new taxes and fees generated by the project to be dedicated to transit infrastructure, including:
- Four new Siemens Light Rail Vehicle for Muni
- Upgraded Muni power
- Installation of crossover tracks
- Expanding T-Third Platforms near the arena
- Installing new signals and signage
- $20-25 million from new taxes for affordable housing development in Mission Bay
- $9.7 million a year from new taxes to fund operating costs for public safety, cleaning, transportation and other services to residents and visitors without impacting other neighborhoods
- $4.4 million a year to the City from new taxes for a range of citywide services.