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- Sep 15, 2008
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As if plans for statewide amnesty for illegal aliens wasn't bad enough, this from the San Jose Mercury News:
Santa Clara, 49ers announce deal to pay for stadium - San Jose Mercury News
Tax on NFL ticket holders to pay for a new stadium? Nope.
Non Football fans to pay for new stadium? Yes!
Santa Clara, 49ers announce deal to pay for stadium - San Jose Mercury News
NFL to pay for new stadium? Nope.The NFL team and Santa Clara announced Friday that they have captured all the money needed to build a proposed $1 billion football stadium next to the Great America theme park -- the largest and final obstacle needed before construction can start. The funding deal was spelled out in a development contract that caps two-and-a-half years of closed-door negotiations between city and team leaders and essentially completes a planning process that began when the team announced interest in abandoning San Francisco five years ago.
Goldman Sachs, U.S. Bank and Bank of America have agreed to loan the city and team a combined $850 million to pay for the lion's share of the construction, which could start as soon as next year. But critics are alarmed by a major shift in the funding plan that emerged Friday: The city will take on more than twice as much debt as was promised to voters, even though the 49ers vow they won't leave the city holding the bag.
Tax on NFL ticket holders to pay for a new stadium? Nope.
Non Football fans to pay for new stadium? Yes!