Santa Clara Expected To Finalize 49ers Stadium Proposal Today
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49ers Proposed Stadium Would Seat 68,500,
Open In Time For '14 Season |
Santa Clara officials are “expected to finalize a proposal” with the 49ers “as early as today to build a 68,500-seat stadium” in the city, according to a front-page piece by John Cote of the S.F. CHRONICLE. Sources indicated that the deal “lays out a funding plan to move” the team "37 miles from San Francisco in time for the 2014 NFL season." The Santa Clara City Council tonight is “expected to take up the plan at a closed-door session,” and if approved, the project “would need a completed environmental assessment and voter approval before construction could begin.” The deal “would likely not go before Santa Clara voters until March 2010.” The plan being considered "calls for $70[M] less in public subsidies than what the team had initially wanted." Santa Clara Mayor Patricia Mahan said that the plan “requires the 49ers to make annual rent payments to the city and has the team covering construction-cost overruns.” Mahan said that the team also “would be required to pay for demolition when the city-owned stadium has outlived its useful life.” In return, the city council “will seek a charter amendment to forgo normal city contracting rules and allow a single entity -- likely a composite of companies -- to design and build the $854[M] stadium, speeding up its completion.” Santa Clara “puts the total cost of the project at $916[M] -- $854[M] to build the stadium, plus $62[M] to move an electricity substation at the site and build a parking garage.” Those figures “could be adjusted for inflation.” Mahan said that the city would pay “less than $90[M] for the stadium, which will come from redevelopment funds and a tax on hotel customers.” Mahan: “There is no risk to the city’s general fund. I think the public will be very favorably impressed.” Cote notes including public funds in the deal “opens the door for possible financing” from the NFL, and 49ers VP/Communications Lisa Lang said that the 49ers “remain confident league funding will ultimately be available.” Cote notes the move to Santa Clara would be a "blow to San Francisco Mayor Gavin Newsom’s hope of having a new 49ers stadium as the centerpiece of a rebuilt Hunters Point Shipyard and surrounding neighborhood" (S.F. CHRONICLE, 5/19).
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