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San Francisco 49ers Stadium Will Generate $249 Million Annually in ...
Business Wire (press release), CA - Apr 5, 2007
SANTA CLARA, Calif.--(BUSINESS WIRE)--Building a new NFL stadium in the city of Santa Clara would create a significant economic engine for the city and the region, generating an economic impact of $249 million annually, according to an economic impact study released today by Conventions, Sports & Leisure International (CSL), a leading advisory and planning firm.

The report shows a new stadium would create 2,230 jobs and $249 million in economic activity in the region, while generating a total of $12.3 million in annual tax revenues for the city, county and state combined, starting in 2012, the year the proposed stadium would open.

“There is no question that a new state-of-the-art stadium in Santa Clara would deliver a huge economic boost to the city and the entire region,” said Bill Rhoda, manager of CSL. “Capitalizing on the stadium’s central location in Silicon Valley and the popularity of the National Football League, a new stadium would create thousands of jobs, generate hundreds of millions in economic activity each year, and enhance the quality of life in the community.”

Thu, 05 Apr 2007 10:36:37 GMT

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[Lefty Noob]

No doubt it'd be good for Santa Clara. But would it be good for the Niners?

Originally Posted by Lefty Noob

No doubt it'd be good for Santa Clara. But would it be good for the Niners?

It wouldn't even be good for Santa Clara. We've been analyzing the true cost and supposed benefits at:

Stadium Facts

[Lefty Noob]

Fascinating website, Mr. or Mrs. Unregistered.

Here's a quote from them: "The Stadium Authority would have to net over $15M annually in non-49ers events just to break even. By the 49ers' own calculations, this would be almost impossible... It was really interesting to see how this profits the 49ers. In addition to their football profits, the 49ers would get a cut of non-49ers events amounting to over $45M over the life of the stadium... Wow. The stadium is looking pretty good for the 49ers... Their rent goes down. They get a high tech ballpark & guaranteed capital improvements -- increasing their market value significantly. Plus, they make an additional $45M off the backs of Santa Clara -- approximately $450 per person."

It goes on to say 55% of Santa Clara residents oppose using public funds to build a stadium there for the Niners. Who can blame them?

[ThePundit]

I don't know. Santa Clara and NFL football don't seem to go together.