SBD/Closing Bell

Santa Clara Exploring Mixed-Use Development Near 49ers Stadium

The city of Santa Clara today "will begin reviewing a private development on 230 acres of city-owned land" across from the 49ers' new stadium that "would cost hundreds of millions of dollars in private financing." The development would include retail, restaurants, hotels and possibly apartments/condos. Developer Related California, an affiliate of Dolphins Owner Stephen Ross' Related Companies, "already has the initial backing" of the team, Pro Football HOFer Joe Montana and city leaders (MERCURYNEWS.com, 4/8).
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