Bill For New 49ers Stadium Rises To $1.3 Billion

Tech upgrades push final cost up, but no additional public bill included.

By Chris Roberts
|  Monday, Jun 10, 2013  |  Updated 2:10 PM PDT
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Hosting Super Bowl 50 in 2016 means a few more tweaks and upgrades to the San Francisco 49ers' new stadium in Santa Clara -- about $100 million worth, according to reports.

The cost of Levi's Stadium -- which will host the 49ers beginning in 2014 -- has risen to $1.3 billion, according to the San Jose Mercury News.

That's at no extra cost to Santa Clara taxpayers, who approved an $850 million bond measure to help pay for the cost of the NFL's newest stadium. At the same time, the stadium's final bill has risen by about $336 million over the last three years, the newspaper reported.

The extra money will pay for "new tech features" that will "enhance the fan experience," according to team officials. Just what those are is "unspecified," the newspaper reported.

The 49ers will began paying off the Stadium Authority, the public entity that took on the debt, with $24.5 million annual installments, the newspaper reported.

The loan, originally thought to carry a 7 percent interest rate, will now carry a 5 percent interest rate.
 

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