Warriors formally purchase Mission Bay site for future home

KGO

This animation shows what the proposed inside of the new Warriors arena will look like in San Francisco's Mission Bay. (KGO-TV)

SAN FRANCISCO (KGO) -- The Golden State Warriors have formally purchased the San Francisco site that's planned to be the team's future home. The 12-acre site is at Mission Bay, just down the street from AT&T Park.

The #Warriors have formally acquired the 12-acre site of its future sports & entertainment complex in Mission Bay » http://t.co/gqzmkdyKuu
— Golden St. Warriors (@warriors) October 12, 2015

The Warriors had purchased an option on the property last year but this makes it official for them to move forward with the building process.

Development plans are still going through environmental review.

Warriors' San Francisco 'Dream arena' revealed

Golden State Warriors president Rick Welts unveiled the team's "dream arena" on Tuesday at the Dreamforce Conference.

The Warriors hope to open the new arena in time for the 2018-2019 NBA season.

Click here for full coverage on the Warriors.

. @RickWelts on GSW purchase of Mission Bay site: “The #Warriors are making an unprecedented, $1 billion-plus investment in San Francisco."
— Golden St. Warriors (@warriors) October 12, 2015

More from @RickWelts "We’re the only sports team in America doing this all w/ private funds, on private land, with no public subsidy.”
— Golden St. Warriors (@warriors) October 12, 2015