Wednesday, February 23, 2011

49ers' Proposed New Stadium Jeopardized by California Budget Crisis

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The budget crisis in California has some ramifications for the proposed new stadium for the San Francisco 49ers.

Officials from the City of Santa Clara are set to meet Tuesday night and will formally request that Gov. Jerry Brown keep his hands off the city's share of the state's redevelopment money.

According to KGO-TV, Brown is looking at cutting redevelopment funds, a move that the governor's office said could save the state $1.7 billion per year. It's his proposal to give that money back to local governments and schools, but Santa Clara says it needs its share of the redevelopment money to help fund a new stadium for the 49ers.

 

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