SAN FRANCISCO (KCBS) – The Golden State Warriors have shunned an offer from the San Francisco Giants to build an arena on land next to AT&T park and are reportedly exploring separate plans for an arena along San Francisco’s waterfront.

In recent months, the Giants had pushed the idea of working with the Warriors to build a 20,000 seat arena on AT&T’s parking lot, or at Piers 48 and 50.

Last week, though, when Giants executives unveiled a plan to convert 27 acres around the park into a new development, a Warriors site was not detailed.

The Warriors are instead looking at 13 acres at Piers 30 and 32 – that’s the area that, at one point, was going to be the hub of the America’s Cup race. Race organizers have dropped those plans.

San Francisco has agreed to put up $8 Million into shoring up the aging piers. But, experts warn that the site would actually need at least $50 Million in foundation work to handle a major development.

The Warriors’ lease at Oakland’s Oracle Arena expires at the end of the 2016-2017 season.

KCBS, CBS 5 and Chronicle Insider Phil Matier Reports:

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