![]() "Of course we are reviewing our options at this time, but as we've always said, we will fulfill any debt obligations that we owe,'' Warriors spokesman Raymond Ridder said. The team said it disagreed with the ruling. "However, the taxpayers of our community should not be on the hook for debt incurred and renovations completed at the Warriors request.'' Discover how Oracle’s latest database innovations help you create a data-driven organization. The 19,000-seat LEED-certified Oracle Arena is home to the recent NBA Champion Golden State Warriors, and hosts many of the industry’s top performers, including historic performances by Elvis Presley, Jimi Hendrix, The Temptations, Sammy Davis, Jr., Johnny Cash, Sly & The Family Stone and The Jackson 5 as. "We all love the Warriors and appreciate their success on the court,'' said Larry Reid, Oakland City Council president and Coliseum Authority vice chair. The authority uses the team's payment to help pay down the 30-year bond it used to upgrade a rundown facility. ![]() The Warriors make annual payments of about $7.5 million to the authority, which manages Oracle Arena as well as the nearby Coliseum, home to the NFL's Raiders and Major League Baseball's Athletics. Oracle Arena is an indoor arena located in Oakland, California, United States, that is the home of the Golden State Warriors of the National Basketball Association (NBA). She ordered the team to continue making payments until the bond is paid off in 2027. The team and the Oakland-Alameda County Coliseum Authority agreed to have an arbitrator rather than a judge decide the dispute.Īrbitrator Rebecca Westerfield said the team was wrong and agreed to pay for the renovations in 1996. The government agency that manages the Oakland arena took out a $150 million bond in 1996 for basketball renovations that the team agreed to help finance with annual payments.īut the Warriors said their debt obligation ends when they terminate their lease and leave Oakland for San Francisco at the end of the season. That was an amazing time to be a fan here," Zitrin said.SAN FRANCISCO - The Golden State Warriors were ordered to pay roughly $40 million for renovations at the Oakland arena they are leaving, authorities said Monday. The Warriors closed out that year with a 16-5 record down the stretch to make the playoffs, giving rise to the "We Believe" slogan. In fact, going into the 2006-07 season, the Warriors held the active team record for consecutive years missing the playoffs - 12. He sat through some horrible stretches of Warriors basketball. Zitrin has sat in the same seat at Oracle Arena since 1980 - seven rows up from the court, in Section 122. "It's a dedicated fan base that managed to fill the arena even when they were terrible." We deserve this," longtime season ticket-holder Richard Zitrin said. "I went through all the terrible, terrible years. The team has won back-to-back titles and three of the last four championships. They are making their fifth consecutive appearance in the NBA Finals.īut for as much winning as the team has done, fans don't take it for granted. Warriors fans have been basking in some of the best basketball in the history of NBA. From big concerts to unforgettable sporting events to the most anticipated special shows, the Oracle Arena in Oakland hosts the biggest live entertainment events in the East Bay as you can see for yourself, via the 2022-2023 schedule below BigStub has great tickets for everything on the current calendar, and because we'll update this page. (Devin Heroux/CBC Sports) Fans say their goodbyes ![]() Richard Zitrin has seen some horrible stretches of Warriors basketball.
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