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Santa Clara leaders approved plans Tuesday night for a new 49ers stadium by the 2014 season, finalizing the team's exit from San Francisco sooner than expected.
The City Council voted 5-1 to support an $878.6 million contract that calls for kicking off construction on the 68,500-seat stadium in July, about six months earlier than anticipated, and finishing by August 2014, in time for the exhibition season.
The 49ers, who have called San Francisco their home since their founding in 1946, could play just two more seasons in Candlestick Park before moving.
The council members approved three resolutions - the other two involved insurance and construction oversight - with no discussion or public comment. Will Kennedy was the lone vote against the measures, saying he wanted to wait on a court decision on a challenge to the voter referendum approving the stadium project.
The state-of-the-art stadium, located next to the Great America theme park, will cost slightly more than $1 billion to build. An $850 million loan approved by the city in December will pay for most of it. Earlier this month, the National Football League agreed to give the team $200 million in loans and payments.
A joint venture of Turner Construction and Devcon Construction will design and build the 15-acre facility on what is currently a parking lot. If it doesn't wrap up by the 2014 season, it could pay penalties of as much as $20 million.
But if the contractor finishes at least a week before the first exhibition game of that season, it will get a $5 million bonus, paid for in extra rent from the 49ers.
A group against the stadium, Santa Clara Plays Fair, has collected signatures to call for a referendum on the $850 million loan, saying voters were not fully informed of the financial risks when they approved the project by nearly 60 percent in June 2010.
The city has rejected the group's petitions, and the battle is expected to be settled in court.
Stephanie M. Lee and Jill Tucker are San Francisco Chronicle staff writers. slee@sfchronicle.com and jtucker@sfchronicle.com
Read more: http://www.sfgate.com/cgi-bin/articl...#ixzz1mZHoNksu
Pictures - http://www.sfgate.com/cgi-bin/object...0105245198.jpg
The City Council voted 5-1 to support an $878.6 million contract that calls for kicking off construction on the 68,500-seat stadium in July, about six months earlier than anticipated, and finishing by August 2014, in time for the exhibition season.
The 49ers, who have called San Francisco their home since their founding in 1946, could play just two more seasons in Candlestick Park before moving.
The council members approved three resolutions - the other two involved insurance and construction oversight - with no discussion or public comment. Will Kennedy was the lone vote against the measures, saying he wanted to wait on a court decision on a challenge to the voter referendum approving the stadium project.
The state-of-the-art stadium, located next to the Great America theme park, will cost slightly more than $1 billion to build. An $850 million loan approved by the city in December will pay for most of it. Earlier this month, the National Football League agreed to give the team $200 million in loans and payments.
A joint venture of Turner Construction and Devcon Construction will design and build the 15-acre facility on what is currently a parking lot. If it doesn't wrap up by the 2014 season, it could pay penalties of as much as $20 million.
But if the contractor finishes at least a week before the first exhibition game of that season, it will get a $5 million bonus, paid for in extra rent from the 49ers.
A group against the stadium, Santa Clara Plays Fair, has collected signatures to call for a referendum on the $850 million loan, saying voters were not fully informed of the financial risks when they approved the project by nearly 60 percent in June 2010.
The city has rejected the group's petitions, and the battle is expected to be settled in court.
Stephanie M. Lee and Jill Tucker are San Francisco Chronicle staff writers. slee@sfchronicle.com and jtucker@sfchronicle.com
Read more: http://www.sfgate.com/cgi-bin/articl...#ixzz1mZHoNksu
Pictures - http://www.sfgate.com/cgi-bin/object...0105245198.jpg
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