Santa Clara, Calif., approves funding scheme for $1B stadium

12/14/2011 | San Francisco Chronicle

The City Council in Santa Clara, Calif., has given the green light to a financing plan for the planned $1 billion 49ers football stadium. The funding involves an $850 million loan from three major banks that will be paid off over 25 years through ticket sales, naming rights and rent from the team. Construction of the stadium could begin next year and be completed by the 2014 opening season.

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