The Golden State Warriors are weeks from opening a sleek $1.5 billion sports and...
SAN FRANCISCO - The Golden State Warriors are weeks from opening a sleek $1.5 billion sports and entertainment complex in San Francisco thanks largely to a years-long tech boom that made it financially feasible, the team’s president said on Monday.
San Francisco has been transformed in recent years by thousands of tech workers streaming into the city. That boom has also pushed housing costs to unprecedented levels, creating angst among many longtime Bay Area residents that they will not be able to afford to stay.Team president Rick Welts said the new Chase Center facility would not have been possible without hundreds of thousands of square feet in office space as part of the development. Ride-share giant Uber is the major tenant.
Welts said 70 percent of Oakland season ticket holders have renewed their seats. He did not yet know how many security guards and concession staff from Oakland will ultimately be able to keep their jobs.
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