Every aspect of the Warriors’ palace supports the franchise’s wide-ranging ambitions, from its unprecedented financing approach, to its luxurious design, to its multiuse capabilities and meticulously designed retail complex.
Chase Center, housing the Warriors, will be the first privately financed modern sports arena. The buildings to the left and right of the arena will house commercial businesses, including Uber's campus.
“Our facilities now are adequate,” Warriors chief operating officer Rick Welts said, while showing off Chase Center’s construction progress during a January tour. “But our owners felt that, to do this in San Francisco, the building had to represent the best of the best. That’s the only way they roll.
“We’re transforming from being a basketball team that rents its building to a sports and entertainment organization that’s responsible for every aspect of its business,” Welts said, noting that the Warriors will add 100 business-side employees and 1,000 part-time employees under the new operating arrangement. “Oracle is owned by the city and county, and none of the Oracle staff works for us. At Chase Center, we will own and operate this building. We’ll book and manage all the events.
Fans will certainly help foot the bill. Warriors chief revenue officer Brandon Schneider estimated that season ticket holders will see an increase of roughly 10 percent compared with similar seats at Oracle, with some longtime ticket holders experiencing more dramatic increases because their current seniority discounts will not carry over.
The courtside lounge will give the ultrarich a premium experience, with 30 of 32 luxury suites already snapped up. Chase Center’s most memorable features are aimed at one-percenters. Premium courtside suites, built under the lower-bowl seats so they aren’t visible from the court, are equipped with a butler, a well-appointed dining room area for social events and a private wine cellar.
Moving one of the league’s most popular and profitable teams was inevitably going to leave some feeling left behind. The Warriors have played in Oakland since 1971, cultivating a die-hard local fan base through lean years that produced just four playoff series victories from 1978 to 2012. To critics, the move across the bay stands as a symbol of gentrification and urban abandonment, and Warriors Coach Steve Kerr has admitted that leaving Oakland for San Francisco is “bittersweet.
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