Rick welts has a heavy load. A very heavy load. Welts, the Golden State Warriors’ president and chief operating officer, is in charge of developing Chase Center, the defending NBA champions’ state-of-the-art billion-dollar arena under construction in San Francisco.

The privately financed facility stands out in a vastly overheated urban real estate market for its prime location in the Mission Bay neighborhood near the city’s waterfront. It’s also unique because th...

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