San Francisco Mayor Ed Lee says the Warriors will have to find private financing if they want a new arena in the city. The Warriors have been open about the fact they want a new building. Oracle Arena in Oakland is the oldest in the NBA. It was built in 1966, but underwent renovations in the 1990’s.
In December, Mayor Ed Lee reached out to the Warriors about the possibility of building a new arena near AT&T Park in China Basin. The plan was to have that arena open before the 2017-2018 season. The Warriors’ Oracle Arena lease is up in 2017.
On Tuesday, Lee said if it happens the Warriors need to take a page from the Giants’ book. The Giants used private financing to pay for AT&T. The Warriors did not respond to the Mayor’s remarks. The team has also had talks with Mayor Jean Quan about getting a new building in Oakland.
