Santa Clara Moving on 49ers Stadium While Money Is Still There

By Sajid Farooq
|  Monday, Mar 14, 2011  |  Updated 1:45 PM PDT
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Santa Clara Moving on 49ers Stadium While Money Is Still There

Racing against the clock, Santa Clara council members will hold a marathon meeting session Tuesday night to try and protect funds desperately need for the 49ers to build a stadium in the South Bay.

Last week, Gov. Jerry Brown's plan to close redevelopment agencies was approved by a state budget conference committee.

Wednesday the proposal is scheduled to appear before a full state Assembly and Senate. If approved, the move could save the state millions as Brown tries to close a $26 billion budget gap.

But it could also cost Santa Clara a chunk of the up to $40 million the city wants to use towards the 49ers' efforts to build a $937 million football stadium near Great America Park.

Tuesday the city will hold a public hearing and second reading of an ordinance to allow Santa Clara to move money, land and power back to its control on projects involving the stadium, affordable housing and parking.

The meeting will start at 7 p.m.

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