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.