This interesting article appeared this morning in the San Jose Mercury News. There is a dispute about Redevelopment Agency funding for the 49ers projected stadium. Santa Clara County officials have taken away $30 million from the 49ers stadium project. It was earmarked for little televisions on the back of the seats, but now it’s going to schools, among other things. The 49ers were counting on redevelopment funds, but in December of last year California disbanded the Redevelopment Agency. The result in Santa Clara is that the redevelopment funds are now in play for other perceived needs, which compete with the stadium. Santa Clara officials are saying that because much of that redevelopment money has been reallocated to schools, they don’t want to have to pay that money.
To read the Merc article, please click here.