Saints' Benson Gives $11M To Pro Football HOF Bucks' Edens Outlines Downtown Arena Vision Jags Seeking State Money For Upgrades Monmouth Rolling Out Fantasy Sports Bets Falcons Stadium Bidding For Super Bowl, CFP Revenue Up For Sun Life Stadium In FY '14 CSU Panels Supports On-Campus Stadium Virginia Beach Reaches Deal To Build $200M Arena Facility Notes Avaya-Earthquakes Deal Worth $20M
SBD/Issue 31/Facilities & Venues
49ers, S.F. At Odds Over Short-Term Candlestick Lease Extension
Published October 25, 2010
|49ers' Lease At Candlestick Park
Expires After '12 Season
The 49ers "have announced they won't be kicking off in a new Santa Clara stadium for at least five years, but talk of extending the team's stay at San Francisco's Candlestick Park seems just as stalled," according to Matier & Ross of the S.F. CHRONICLE. 49ers President & CEO Jed York said that he "hasn't talked to Mayor Gavin Newsom in two years and isn't holding his breath about the two having a meeting of the minds anytime soon." Newsom's Press Secretary, Tony Winnicker, said, "Unless the team ownership is prepared to make a longer term commitment to the city, the idea that the taxpayers of San Francisco are going to foot the bill for millions of dollars of new luxury boxes and TV flat screens is straight out of the fantasy football league." The 49ers' Candlestick lease "expires after the 2012 season," and "renewing the lease would mean signing on for another five years." Team officials so far "haven't signaled they're ready to do that -- but then the Niners have a pending $60 million maintenance claim against the city and are pressing for tens of millions more in renovations, including a new area for club seating" (S.F. CHRONICLE, 10/25).
IF YOU BUILD IT, WILL THEY COME? In L.A., Vincent Bonsignore wrote Majestic Realty Chair & CEO Ed Roski's City of Industry NFL stadium "might be as shovel-ready as he claims, but until someone actually decides to scorn their current city and commit to moving to L.A., the shovels will remain in a workshed." The "problem for Roski" is that "every day that passes without a commitment is another opportunity for Tim Leiweke, Casey Wasserman and the Anschutz Entertainment Group for a $1 billion downtown stadium proposal to gain ground on his $800 million Industry project, which is about a year ahead of AEG at this point and has full approval for construction." With the NFL "focused on getting a new collective bargaining agreement in place," AEG "should have sufficient time to make up the necessary ground." The "bottom line" is that Roski and AEG, who teamed to build Staples Center, "seem headed toward a spirited battle" (L.A. DAILY NEWS, 10/24).