49ers study alternate stadium plans
By Jason Bennert, Bay City News Service
April 12, 2006
SANTA CLARA (BCN) - The San Francisco 49ers announced
Tuesday they are exploring options for building a new stadium
that would not involve using $100 million in public money approved
by city voters in 1997.
The National Football League team has been trying to replace
the aging Monster Park, forever known to longtime fans as Candlestick
Park, for more than a decade. In 1997 city voters approved $100
million in bonds to help finance a new stadium complex with an
attached shopping mall but the project never got off of the ground
due to a number of factors, chiefly the ownership turmoil that
led to Eddie DeBartolo selling the team to his sister Denise DeBartolo
York and her husband John in 1998 and the economic slowdown brought
on by the dotcom bust at the turn of the century.
In January the 49ers began studying a mixed-use project that
would include a new stadium and most likely residential units.
The team has partnered with homebuilder Lennar Corp. to explore
"We have been studying a variety of financing options that
would allow the team to build a new stadium for our fans and the
City without having to tap into the bonds approved by voters,''
49ers Vice President of Communications Lisa Lang said.
The team and Mayor Gavin Newsom have been criticized this month
for asking State Sen. Carol Migden, D-San Francisco, to introduce
legislation that would allow housing to be built as part of a
stadium project without voter approval. Housing was not mentioned
in the 1997 measure.
Lang said the team has no desire to deceive or ignore city voters.
"If the City, with the support of the 49ers, determines
that a development concept plan is financially feasible, we don't
want there to be any doubt about the consistency of the plan with
the voter-adopted ballot measures that were approved in 1997,''
Lang said. "The San Francisco 49ers have no intent, nor would
we support, any effort to contravene the will of the voters.''
The team expects a preliminary feasibility study for a new stadium
project to be completed this summer.
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