Santa Clara to OK $10 million pre-construction for stadium
An elevated view shows the parking lot in Santa Clara, Calif., Wednesday, April 25, 2007, where the San Francisco 49ers plan to build a new NFL football stadium. The 49ers estimate the team will need $160 million in public money to help finance the $854 million stadium, according to a report delivered Tuesday to the Santa Clara City Council. (AP Photo/Paul Sakuma)After years of anticipation, Santa Clara and the 49ers are finally ready to start spending serious money toward building a new stadium.
City leaders expect to approve $10 million in current and future tax funds Tuesday, but the money won't pay for any bleachers, locker rooms or goal posts. Instead, it will support a five-month project to begin in January that will include everything from moving utilities to installing sidewalks -- all the work required to make the site next to Great America set for stadium construction at the start of 2013.
"Although it's not the big grand opening, it's sort of a soft groundbreaking," Mayor Jamie Matthews said. "This is the first step toward getting that stadium built."
In football lingo: What's coming is the coin flip and national anthem to start the game.
The bulldozers, backhoes and workers at the site are also the most tangible proof yet that the city and team are close to actually building the stadium, which has seen its share of delays and doubters.
"It's another sign, and a major step in the process, that the stadium is coming online," said Steve Weakland, a 49ers spokesman.
While city leaders are spending a mere fraction of the $987 million cost of the project, $10 million is no small chunk of change for the cash-strapped government. The city has to borrow at least $6 million from the team since it doesn't have enough tax funds to complete the work on its own.
But the expense could also be a gamble. Critics doubt that the 49ers and city will find the remaining three-fourths of the money to bankroll the stadium by the end of next year, as planned.
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Most of the funds for the actual stadium will come from loans the team secures, the NFL, sponsorships, and advanced sales of tickets and suites. The 68500-seat home field is slated to open in 2015. The city expects to send out a 355-page description of
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