SANTA CLARA to post economic analysis today for proposed 49ers Statdium

By Jason Bennert
Bay City News

The City of Santa Clara is scheduled to post its analysis of the economic impact of a proposed football stadium for the San Francisco 49ers on the city website sometime today.

The City hired a consultant to analyze the economic impact study the 49ers presented to the city council in April. The team contends that a football stadium built on the current site of the Great America amusement park parking lot would generate $249 million annually in economic activity and a total of $12.3 million in tax revenue divided among the City, Santa Clara County and the State of California.

The team is asking the City to contribute $160 million of the projected $854 stadium construction cost as well as build a parking garage in the area and relocate a power substation currently on a portion of the stadium site. The 49ers want to begin playing in a new stadium by the 2012 National Football League season.

The Santa Clara City Council is scheduled to discuss the analysis during its Tuesday night meeting.

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