SBD/31/Facilities Venues

BROWN JOINS 49ERS TO ASK FOR $100M BOND MEASURE

          S.F. Mayor Willie Brown and the 49ers are "expected" to
     ask the city Board of Supervisors Monday to place a $100M
     bond measure on the June ballot to help pay for the team's
     new $300M stadium and retail complex, according to Matier &
     Ross in the S.F. CHRONICLE.  Sources to Matier & Ross
     indicate Brown has agreed to help finance the stadium with
     $100M in lease-revenue bonds which will be paid back from
     revenue earned from a mall the team plans to build around
     the new stadium.  The 49ers will finance the rest of the
     package with the sale of luxury boxes, tickets, advertising
     and other revenues generated by the project.  Unlike most
     bonds, which require a two-thirds majority vote, lease-
     revenue bonds only need a majority to pass, "something the
     team thinks it can win" (S.F. CHRONICLE, 1/31).

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