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The “Santa Clara 49ers” Closer Than It Appears
Published: June 11, 2009
The 49ers and the City of Santa Clara have agreed on a term sheet for a new state-of-the-art $937 million stadium that will become the new home for the team.
In building the new stadium in Santa Clara, the 49ers and the City of Santa Clara will provide $141 million in new funding to the Santa Clara Unified School District over a 15-year period. The school district can use the funds at their discretion on projects benefiting the community, like reducing classroom size and maintaining and attracting the best teachers.
A recent economic impact report conducted by Conventions, Sports, and Leisure International indicates that the facility could create a total of 2,230 jobs and $249 million in economic activity in the region.
The stadium with be publicly owned by a Stadium Authority, and the City of Santa Clara will retain ownership rights on the stadium's land. The agreeme...
Read Complete Article at Bleacher Report - NFL
Article Source: BleacherReport.com
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