National Basketball Association (NBA) champions the Golden State
Warriors have signed a 20-year naming rights deal with JP Morgan Chase
for their new arena.
The proposed arena in San Francisco’s Mission Bay neighborhood will be named The Chase Arena and is scheduled to open in 2019.
Financial details of the deal were not disclosed, but is reported by
the San Francisco Chronicle that it is worth hundreds of millions of
dollars.
Despite construction work not starting on the new area, the Warriors
elected to strike a deal with a naming rights partner to help finance
the $1 billion project.
“The Bay Area is a beacon for technology, innovation and education,
and we expect that the Chase Center will become a beacon of great art,
culture, sports and entertainment for this great community,” Chase CEO
Jamie Dimon said in a statement.
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