The San Francisco 49ers announced that the team has reached an agreement with the City of Santa Clara on a term sheet for a new $937 million state-of-the-art stadium that will create thousands of new jobs and generate hundreds of millions of dollars in new economic impact for the City and the region. The stadium will be publicly owned by a Stadium Authority, and the City of Santa Clara will retain ownership of the land used for the stadium project. "After years of hard work, we're pleased to have reached an agreement with the City staff," said 49ers President Jed York. "The stadium will make Santa Clara an even better place to live, work and play. Not only will this provide a world-class facility for our fans, it will also create an economic engine generating jobs and stimulus for local businesses. It's been a successful collaboration with the City of Santa Clara resulting in an agreement that provides the City with a significant return on its investment. We look forward to working with them on the next steps." The agreement must be approved by the Santa Clara City Council and a vote of the citizens of Santa Clara before the project can move forward. Source: 49ers.com
they are dumb if they don't....its a huge revenue generator, something the people of san francisco have forgotten about....must be forgetting what a new stadium did for the San Francisco Giants and the community around them...that place is thriving now...
