SAN FRANCISCO 49ERS

SAN FRANCISCO 49ERS

Coverage of the San Francisco 49ers

As 49ers Stadium Price Rises, Public Cost Falls

A new Santa Clara stadium is now estimated to cost $1.2 billion, but the public cost will decline because of expensive seat package sales.

View Comments (
)
|
Email
|
Print

    NEWSLETTERS

    On Tuesday, Santa Clara officials are expected to sign off on the final budget, funding plan and lease.

    The price tag to build a new home for the San Francisco 49ers in Santa Clara is going up, but it appears the final cost will take fewer taxpayer dollars

    The San Jose Mercury News reported that the final funding plan estimates it will cost $1.2 billion for the new stadium.

    The higher cost includes $78 million in loan interest and fees and updated construction estimates.

    The funding plan, released Friday, predicts the cost to the public will decline because sales for expensive seat packages are expected to be stronger than anticipated.

    The plan also says the 49ers have agreed to pay the bulk of the redevelopment tax money that voters approved in 2010 to help fund the stadium.

    On Tuesday, Santa Clara officials are expected to sign off on the final budget, funding plan and lease.

    The new facility is expected to open in 2014.