Menu
Facilities

Santa Clara Stadium Authority Votes To Approve Ground Lease For 49ers Stadium

A ground lease for the 49ers' proposed new stadium "was approved by the Santa Clara Stadium Authority" last night, according to Stephanie Lee of the S.F. CHRONICLE. The authority voted 5-2 to "approve the first of two parts of a 40-year ground lease, which authorizes use of the site to allow construction to start by July" on the 68,500-seat stadium. The "cash-strapped city is projected to receive about" $40M in revenue from football games over 40 years, "starting with the opening of the stadium" in '14. Other revenue would "come from naming rights and seat licenses." The lease also "mandates the city receive annual rent that is roughly equal to half the net income from non-NFL events." The team is "expected to pay" $30M a year to use the stadium. If a second team, such as the Raiders, were to "move into the stadium, the city would also receive more than" $1M in additional annual rent. At the next council meeting, March 13, there "will be a vote on an agreement between the Stadium Authority and the 49ers governing the team's rent for playing in the stadium." That would "allow construction to kick off within 120 days and require the stadium to be completed within three years" (S.F. CHRONICLE, 2/29).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2012/02/29/Facilities/49ers.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2012/02/29/Facilities/49ers.aspx

CLOSE