Login - Become a member

rcent of the s

Forums home -> General Discussion -> rcent of the s

post reply

rcent of the s 
By jayscut3 on Oct 19, 2013 03:12 AM
com 49ers Santa Clara stadium hit by

Santa Clara County has surprised both the San Francisco 49ers and Santa Clara city leaders by pulling $30 million in tax funds from the new 49ers stadium.

Santa Clara County officials told the San Jose Mercury News on Saturday that they would rather spend the money on teachers.

The team and the city said voters had specifically earmarked redevelopment money to help build the $1.2 billion stadium and that the county has no right to keep it.

The 49ers and Santa Clara officials will craft an official response this week. Lawsuits are likely, according to the newspaper.

The revocation occurred Friday by Women's Jabari Greer Jersey a new board that oversees property Jabari Greer Youth Jersey tax from redevelopment zones.

be real: That stadium is going to get built whether or not you get this $30 million, county tax collector George Putris, the oversight board member who proposed the motion, told a 49ers attorney at the meeting. He said the need was greater at other public agencies, such as school districts. The motion passed 43.

The move was so unexpected that Santa Clara leaders say it was done Jabari Greer Black Jersey in violation of public notice laws.

Santa Clara voters approved a 2010 measure Jabari Greer Jersey White that allocated $40 million in redevelopment funds for the stadium, which is set to open in 2014.

The state later did away with redevelopment agencies, and Santa Clara redevelopment fund had paid only $10 million toward the stadium. So the 49ers loaned Santa Clara leaders the remaining $30 million and started construction, thinking they be paid back from future property tax revenue.

A 49ers spokesman declined to comment when asked whether the decision could affect stadium construction, which began in April. Officials have said the team would simply absorb the cost if it loses the funds, which amount to less than 3 Saints Jabari Greer Jersey percent of the stadium total price tag.

The topic the article
Reply with quote

post reply

Page 1 of 1 Go to page: 1
Subscribe to RSS
Follow us on Twitter


Copyright © 1996-2010 Raphael Benedet - Contact Us