The Golden State Warriors are set to host a groundbreaking ceremony for their new state-of-the-art sports and entertainment complex in San Francisco's Mission Bay at noon on Tuesday, January 17.

The Warriors' new Chase Center is scheduled to open for the 2019-20 NBA season. The 18,000-seat facility will anchor an 11-acre district of restaurants, cafes, offices, public plazas and other amenities the neighborhood currently lacks, along with a new five-and-a-half-acre public waterfront park.

An aerial rendering of the Golden State Warriors' proposed new arena.(Steelblue, courtesy of Manica Architecture)

"We are excited for what this will bring to the city of San Francisco and the entire Bay Area community," said Warriors president Rick Welts in a statement. "Chase Center and the surrounding area will serve as a destination for the entire community and we will continue to work to make sure it is the best experience possible for everyone to enjoy NBA basketball, concerts, family shows, conventions and more."

The new arena will feature a public-art program curated by the consultancy Keehn on Art, headed by SF Arts Commission member Dorka Keehn, the 7x7 Hot 30 honoree who made headlines in 2013 when she raised the $6 million needed to make artist Leo Villareal's Bay Lights a reality. Keehn is expected to commission internationally recognized artists.

Warriors representative P.J. Johnston explained the financial benefits that the new arena will bring: "This is going to be a union project with thousands of good paying local jobs with local hires. It's going to be great for the Bay Area."

Proposed plan for Chase Center.(Courtesy of USA Today)

The team's move is a distressing loss for Oakland, though, which has been the team's home since the 1970s. "It's devastating. We have supported them in the East Bay and it is very unfortunate that they are moving," said Chris Dobbins of the Oakland-Alameda Coliseum Authority.

The new arena may also be financially burdensome for game attendees who worry the massive cost of the project could soon be reflected in increased ticket prices. Others are already griping about city and Bay Bridge traffic.

Nevertheless, as Johnston told KPIX 4, "It's time to actually turn some dirt and start hiring up those construction jobs and start building." // 300 South St. (Mission Bay), nba.com/warriors

Overhead drawing of Chase Center.(M&R, Manica Architecture)