With less than two months before San Francisco "voters
decide whether to allow the huge Candlestick Point project
to proceed, the 49ers admit they aren't able to provide many
specifics on how the team will finance its $425 million
share of the plan," according to Edward Epstein in an
extensive page-one feature in the S.F. CHRONICLE. Epstein:
"Voters may not know how much of their tax money a new
stadium will take. They won't see a development agreement
for the planned mall. ... Season-ticket holders don't know
if they will be charged additional money up-front for a
[PSL].' Even the price of a single game ticket is a
question mark." 49ers President Carmen Policy: "This is a
major, complex deal. We can't have all the pieces in place
before the election." Policy said that during the next few
weeks, the campaign will try to "break down the complex
arrangement into bite-size pieces. That means displaying
scale models and trying to make clear what financial
benefits the city stands to gain" from the complex (S.F.
CHRONICLE, 4/10).
