Warriors Said to Buy San Francisco Land From Salesforce
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The Golden State Warriors basketball team agreed to buy undeveloped land in San Francisco from Salesforce.com Inc. and will build an 18,000-seat arena at the site, said a person with knowledge of the transaction.
The deal means that the National Basketball Association team will abandon its previously announced proposal to build a $1 billion arena at Piers 30-32 in the South of Market area, said the person, who asked not to be identified because the agreement is private. The Salesforce site in Mission Bay has about 12 acres (4.9 hectares) and is part of land the company bought in 2010, the person said.