Alright, hoop heads, buckle up! Chase Center’s been making waves in the Bay Area, and it’s about time we dive into the nitty-gritty of its massive economic impact.
Chase Center’s Cash Splash
Since opening its doors on September 6, 2019, Chase Center has pumped a staggering $4.2 billion into San Francisco’s economy. Yup, you read that rightโ$4.2 billion! The breakdown? Over $2.9 billion in direct spending, another cool billion in spend recirculation, and around $270 million in those hard-to-quantify intangibles like tax contributions.
According to their news release, this study marks the arena’s fifth anniversary, celebrating the over 4.8 million fans who’ve flocked to more than 400 events. From hoops to concerts, comedy shows to family entertainment, Chase Center’s been buzzing non-stop.
Big Bucks Beyond Basketball
While NBA games are the main attraction, Chase Center’s impact stretches far beyond the hardwood. The report highlights five key areas: event types, visitor journeys, jobs and prosperity, community voice, and those elusive community intangibles.
Get thisโevent attendees drop an average of $713 outside the arena on things like transportation, food, drinks, retail, and lodging. Thatโs a hefty chunk of change flowing into the local economy. And let’s not forget the jobsโover 3,300 full-time equivalent positions are created annually thanks to fan spending. I think that’s pretty impressive, don’t you?
Local businesses within a two-mile radius see a 15-40% sales boost on event days. Talk about a win-win! Plus, Chase Centerโs charitable work, meal donations, volunteer hours, and sustainability efforts make a real difference in the community.
Not Just About the Tourists
Now, the report doesnโt dive into incremental tourism benefits, so itโs all about local spending. Taxes are estimated based on consumer habits and public tax rates, giving us an upper-bound estimate of economic impact. And while the NBA season is a major driver, concerts and other events have seen a whopping 131% growth in just two years.
Upcoming shows? Nicki Minaj on September 23 and Kacey Musgraves on September 24. And mark your calendarsโthe Warriors are back for a preseason clash with the Kings on October 11. Speaking of trades, did you catch that wild Curry rumor?
Future All-Star Action
Looking ahead, Chase Center’s got some heavy hitters lined up. They’re hosting the NBA All-Star Weekend in 2025, with the big game set for February 16. But thatโs not allโMarch 2025 brings the Division I Menโs Basketball Championship West Regionals, and the Laver Cup hits the court in September 2025.
And donโt sleep on thisโthe Golden State Valkyries will kick off their inaugural WNBA season in May 2025. Can you say stacked schedule?
So, what do you think? Will Chase Center keep up this economic hot streak, or are we in for some surprises? Drop your thoughts below!
