The Best Seat In The House For All Your News On The 5 Time World Champion Niners

The Best Seat In The House For All Your News On The 5 Time World Champion Niners
A review and commentary on the history & lastest events surrounding the 17 time NFC Western Division & 5 -Time World Champion San Francisco 49ers. From 1946 and the All America Football Conference to 2009 and the road to a 6th Super Bowl title - For true fans of the scarlet and gold! Enjoy!

Monday, May 28, 2007

Who Pays for New Stadium if Plans Fall Short?

An exerpt from an article:

By Mike Swift and Julie Patel, Mercury News

The San Francisco 49ers aren't just proposing to amplify Santa Clara's entertainment district with an $854 million stadium near Great America. The team's proposal also would enlarge the city's government.

A key element of the 49ers' stadium proposal would be to create a Santa Clara Stadium Authority, an arm of the city that would own and operate the 68,500-seat stadium, with a projected staff of 69 full-time and 1,753 game-day employees. The authority would control revenue from taxes collected on stadium tickets and parking, the sale of naming rights, and "Stadium Builder Licenses" that would bestow permanent rights to buy season tickets.

Most significantly, to build the stadium, the authority would sell more than $330 million in bonds and pay them back with revenues from the stadium, which the 49ers want to christen for the 2012 season. The authority would run the stadium and share the profits with the city's general fund if the stadium were successful in booking concerts, soccer games and other non-NFL events.

No comments:

49ers world is a site for fans of the San Francisco 49ers. is in no way associated with the San Francisco 49ers or the NFL. All NFL logos are the property of the NFL and NFL Properties. All other photos and images are the property of the providers and are used solely for non-profit entertainment purposes. If you would like to contact the 49ers, you can do so by visiting their official NFL team page at .

Pageviews Today