The Golden State Warriors have reportedly scrapped plans for an arena on the waterfront.

Report: Golden State Warriors Scrap Waterfront Arena Plan, Buy Mission Bay Parcel

According to a report, the Golden State Warriors are scrapping their plan to build a new arena on the San Francisco waterfront at Piers 30-32 and have purchased a parcel of property in Mission Bay.

The San Francisco Chronicle reported Monday that the Warriors have purchased a 12-acre site from and that the team plans to build its new arena on that site in time for the 2018-19 season.

The waterfront arena plan, unveiled last year, drew strong opposition from residents along the Embarcardero who did not want a 120-foot high building on the waterfront and also raised concerns about traffic, the potential environmental impact of the project and having views of the Bay Bridge obstructed.

There are positives to the plan from the Warriors perspective—owning the site outright will mean fewer regulatory issues and no voter approval will be required for the project, which the Warriors say will be entirely privately funded.

The opening in 2018 will coincide with the projected opening of the Central Subway, which will provide easy access to the Powell Street Station in downtown San Francisco.

So it appears the Warriors will be returning to The City on a full-time basis for the first time since the Oakland Coliseum Arena opened in 1966. After the franchise moved to San Francisco from Philadelphia in 1962, the Warriors played the bulk of their home games at the Cow Palace from 1962-64 and at the San Francisco Civic Auditorium and War Memorial Gym at the University of San Francisco from 1964-66 before returning to the Cow Palace in 1966. The team moved to Oakland permanently in 1971 and changed its name from San Francisco to Golden State.

Tags: Golden State Warriors

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