Santa Clara approves $10 million prep work for 49ers stad
Posted: Tue Dec 13, 2011 12:36 am
Santa Clara approves $10 million prep work for 49ers stadium
On Tuesday, the Santa Clara City Council approved $10 million to prepare the proposed site for the constructionof a 49ers football stadium. According to San Jose Mercury News, the project will include prep work like building sidewalks, moving utilities, adding parking spaces and access roads and rerouting storm drains, electricity and water: everything needed to ready the site for a $1 billion state-of-the-art stadium.
According to the San Francisco Business Times, the city will have to borrow $6 million from the San Francisco 49ers just to cover the initial $10 million project.
We see that [the $10 million approval] as the beginning of the cycle of indebtedness," said Bailey (NFL) to SFGate.
The funding approved Monday will be used to move utilities, install sidewalks, add extra parking and other work needed before construction on the nearly $1 billion stadium can begin.
The endorsement after only a brief discussion allows officials to advertise the plans so an outside construction crew can begin working in January, making it the first significant capital investment in the stadium. The work includes moving utilities, installing sidewalks, adding extra parking and other work needed before construction on the stadium can begin.
On Tuesday, the Santa Clara City Council approved $10 million to prepare the proposed site for the constructionof a 49ers football stadium. According to San Jose Mercury News, the project will include prep work like building sidewalks, moving utilities, adding parking spaces and access roads and rerouting storm drains, electricity and water: everything needed to ready the site for a $1 billion state-of-the-art stadium.
According to the San Francisco Business Times, the city will have to borrow $6 million from the San Francisco 49ers just to cover the initial $10 million project.
We see that [the $10 million approval] as the beginning of the cycle of indebtedness," said Bailey (NFL) to SFGate.
The funding approved Monday will be used to move utilities, install sidewalks, add extra parking and other work needed before construction on the nearly $1 billion stadium can begin.
The endorsement after only a brief discussion allows officials to advertise the plans so an outside construction crew can begin working in January, making it the first significant capital investment in the stadium. The work includes moving utilities, installing sidewalks, adding extra parking and other work needed before construction on the stadium can begin.