49ers Stadium EIS, Ballot Measure on Docket

SANTA CLARA, CA-The Santa Clara City Council on Tuesday is scheduled to certify the final environmental impact statement for a new football stadium for the San Francisco 49ers next to the San Jose Convention Center and Great America theme park and the football team’s existing headquarters and training facility. The Council also is expected to set an April or June date for citizens to vote on the project.

The City and the 49ers began working on a disposition and development agreement in July. The financing agreement calls for the city to pay for up to $79 million and for eight nearby hotels to put up an additional $35 million by way of a voluntary room tax. The team agreed to pay for any construction cost overruns as well as any operational shortfall.