The Mission Bay area revitalization has generated anticipation from the residents of the San Fransisco Bay area. Another exciting aspect of this project is The Golden State Warriors NBA franchise’s planned move from Piers 30-32 in Oakland to a new arena in Mission Bay.

NBA fans, especially those from the San Fransisco area, are thrilled that the move will bring the team home to San Fransisco for the first time in 40 years. In recent years, the franchise has experienced increased fan support along with winning records and superstar players like Kevin Durant and Steph Curry. But bringing the team’s home games home is just one small piece of the overall puzzle. The new state-of-the-art arena will provide a venue for conventions, concerts, family entertainment, and other sporting events.

Economic Boom

Another significant benefit to the community is the economic boost it will provide during the extensive re-development of the Mission Bay area. The arena’s construction will add to the number of available jobs in the area, but it will also help expedite the other Mission Bay projects like waterfront parks and housing by creating revenue and providing customers to other businesses in the project area.

Community Oversight

Civic-minded community members may have questions about oversight on the arena construction or about the Mission Bay project in general. The Mission Bay Citizens Advisory Committee will be meeting with other business and community groups to provide analysis, oversight, and feedback from the public. The Office of Economic and Workforce Development continues to lead these efforts on behalf of the city by partnering with all other stakeholders in the development process. There are separate efforts aimed at renovating the Piers 30-32 location that is being vacated by the Warriors franchise. Some question the traffic, parking, and environmental concerns associated with the project. There is still evaluation by the  San Francisco Municipal Transportation Agency being conducted to oversee the effects of all the major development in the area.

The burning question for many is: when? When will the new arena be completed, and when will Mission Bay area partner businesses and housing be opening? The good news is that many medical facilities and research and development companies already have offices open or under construction employing thousands, and thousands of housing units of all price points have opened and will continue to open in 2017. And for the San Francisco basketball fans, the new arena is currently scheduled to open in 2019.

Posted by: g2properties on May 5, 2017
Posted in: Uncategorized