Renk: These two particular proposals sound like an incredible opportunity for the City of Santa Clara to optimize its investment in the new 49er football stadium. On the one hand, you have the undeniable star power of Joe Montana advancing a hotel/retail/office proposal right across the street from the stadium and, on the other hand, you have an ambitious “city within a city” proposal from Related Co. that will redevelop now prime and underutilized land in the ambit of the new stadium.

GlobeSt.com: What kind of revenue can be expected?

Renk: These proposals stand to generate extraordinary revenue for the City of Santa Clara, both directly and indirectly, which likely will help the processing of these applications. Under the California Environmental Quality Act, the usual bogies will be traffic, traffic, traffic, which the City may be willing to absorb in exchange for such profitable proposals.

GlobeSt.com: What will the entitlement process be like? What can be expected?

Renk: Time will tell how bumpy the entitlement road might be. While these projects are happening in the typically “business friendly” jurisdiction of Santa Clara, there is only so much traffic capacity to go around and only so much gridlock that those who live in the area will tolerate—even with Joe Montana's name on the marquis!”

GlobeSt.com will continue to follow these projects as they progress. Stay tuned.