Search
 

SF Withdraws 2016 Olympics Bid

SAN FRANCISCO-Following the San Francisco 49ers decision last week to build its stadium in the Silicon Valley rather than Candlestick Point, the City of San Francisco withdraws its bid for the 2016 Olympics.

By Brian K. Miller | Updated on November 14, 2006

SAN FRANCISCO-The City of San Francisco has halted its bid for the 2016 Olympics. The news follows closely on the heels of a decision by the National Football League’s San Francisco 49ers to scrap plans for a new stadium where its current, 43-year-old stadium now sits at Candlestick Point.

News of the team’s decision to focus on developing its $600-million to $800-million stadium in Santa Clara broke Friday, causing Candlestick Point redeveloper Lennar Corp. to cancel its planned Saturday presentation on the virtues of a new football stadium there. On Monday, the city’s bid for the 2016 Olympics was officially scrapped.

The new stadium was a key piece of the city’s bid. Among other things, it was slated to host the opening and closing ceremonies. A previous bid for an earlier Olympics was said to have fallen short in part because those events would have had to occur outside city limits.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.