In a move that starkly demonstrates the changing landscape for Stadium financing for sports teams, the Golden State Warriors were told that they’d have to honor the 30-year debt associated with bonds that the government took out for them back in the ‘90’s.
The Warriors had resisted paying this debt, seeking to avoid paying out another large lump sum payment, just as they move into their new billion dollar home across the bay.
Stark contrast in financing
When the Warriors move to the shiny new Chase Center next season, it will be their own place.