The Golden State Warriors will not play a game in the Chase Center until this fall, and yet the club has already reeled in over $2 million in revenue from its new arena in San Francisco.

Warriors President and COO Rick Welts appeared on Bloomberg's “Business of Sports Podcast” to discuss the ongoing building project. Welts was asked about where the organization was at in terms of expected revenue, to which he responded:

“In a really good place,” Welts answered to laughter. “We'll be opening the building with something like $2 billion in contractually-obligated income, which I think for an areana or stadium, at least up to this point, will be a record.

“Perfect storm, perfect market, perfect time. The Bay Area is on fire. Couldn't be a better economic time, couldn't be a better basketball team and couldn't be a better city to be building an arena.”

Welts revealed that the $2 billion is more than double what the team originally projected.

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Golden State was arguably one of the most maligned franchises of the 2000s and early 2010s, so it is very impressive to see the drastic effect that this recent Warriors dynasty has had on basketball fans and businesses throughout the Bay Area.

The Warriors made just one playoff appearance between 1994 and 2007, but their fortunes began to change with the emergence of homegrown draft picks Stephen Curry, Klay Thompson and Draymond Green.

Having reached the playoffs in six straight seasons and winning three out of the last four NBA championships, the Dubs–with numerous superstars in a burgeoning West Coast market–have become one of the most successful franchises in sports.