In the wake of the news that the Golden State Warriors are indeed taking the initial steps in moving to San Francisco, the City of Oakland released an official statement on Monday morning stating that they are not dead in the water in terms of keeping the W's in the East Bay.
City of Oakland official press release:
"We are still in direct dialogue with the Warriors about the opportunity to build a new arena. We have always been aware that they are exploring all their options, including a San Francisco site. We continue to believe that Coliseum City offers the best new home to the Warriors, Oakland A's and Oakland Raiders."
Still, the Warriors are moving forward with a press conference in the City, which could come as early as this Tuesday according to CSN Bay Area. That is most certainly not a good sign for the Town.
Oracle Arena is the oldest arena in the NBA still in in use, though the W's have a lease agreement there until after the 2016-17 season. The proposed site at the pier 30/32 area under the Bay Bridge in the Embarcadero still has a lot of work have done to it before any building could begin, while parking remains one of the main concerns with the location.