Golden State Warriors to Move to San Francisco

May 22, 2012 Updated: May 22, 2012

The Golden State Warriors, NBA Commissioner David Stern and San Francisco Mayor Ed Lee officially announced Tuesday that the Bay Area’s only NBA team has plans to move back to San Francisco, according to a report on NBA.com. The earliest the team could leave Oakland would be in 2017 when it can get out of its lease with Oracle Arena.

“We can turn this dream into a goal by giving it urgency,” said Warriors co-owner Peter Guber, Mandalay Entertainment’s chief executive. “We will play here in 2017. Take that as a promise that we will fulfill. There will be a world-class entertainment venue. We’re all-in.”

The Warriors announced some of the plans for the $500 million privately funded arena that would sit on a waterfront site near the scenic views of the San Francisco-Oakland Bay Bridge. The site would be just blocks from the Giants ballpark near the financial district.

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