Warriors finally pay Oakland for 2017 championship parade
More than four months after the Golden State Warriors celebrated their 2017 NBA championship, the organization has finally paid the city of Oakland for its massive parade, fulfilling owner Joe Lacob's promise.
A check for $786,988.11 was deposited into the city's treasury department Tuesday, city spokeswoman Karen Boyd informed The Mercury News' Matthias Gafni.
The cost was originally set at approximately $816,000, but the city later reduced the fee to reflect certain equipment charges.
Though it was initially estimated that the parade would cost $300,000, the city said costs soared due to the need for heavier security following terrorist attacks, as well as because of the increased attendance.
The city also wanted an extra $244,000 for the 2015 parade, the cost of which the Warriors had agreed to split down the middle. Oakland eventually removed the charge, attributing it to a "misunderstanding."
"The parade was a safe and joyous community occasion for generations of Oaklanders, and the city appreciates the Warriors' financial investment - few professional franchises can boast such a commitment to their home city," the city said in an official statement in September.
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