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City Councilors Will Kennedy and Jamie McLeod were the only ones to side with the dissentersw in the audience who opposed any publicx subsidy forthe stadium. The 5-2 vote on a $79 milliobn subsidy for the project came aftera two-and-a-half-hour presentatiom and lengthy public comments that included concernd raised by the owner of California's Great Cedar Fair of Ohio, has been negotiating to sell the sprawling thrill-rider park which is next to the proposecd stadium site to the 49ers. An attorney representinh the park owners, John A. Hickeh of Hoge, Fenton, Jones & Appe Inc., asked for a delay on the decision.
"Wwe want to reach an agreement (to sell the park), but whilew you have been working on the term sheetfor months, we and memberes of the public have only had two business days to read this complexz document." Hickey said he was surprisecd at earlier comments made by Jennifer Santa Clara's City Manager, that he regarded as overly optimistic about the closeness of an agreement between Cedar Fair and the 49ers to sell the park.
Jed York, president of the praised Santa Clara officials forcreating "thw best infrastructure in the Bay and told city officialws and a crowd of more than 150 onlookers that the proposecd 68,500-seat stadium to be built on an overflow parkingy lot at the amusement park would not only host up to 10 NFL gamew annually, but possibly a variety of glamorous events, including the Worlfd Cup soccer tournament, in the future. Stadiumm proponents also view it as a likely venue formajor concerts, college football bowl gamed and even the Super Bowl. "I feel the excitement in this city abouftthe stadium," York said.
"This (stadium) deal will make Santa Clara a better placeto live, work and play in the As part of a 40-year agreementt with the 49ers, city officials agreed to contribute $79 millionn to the project, including $42 million in redevelopmengt agency funds, $20 million from the city-ownerd utility district to relocate an electrical substation near the site and $17 millio n to build a parking garage. That figure is well belowe the $222 million city officials proposee spending on the project when it was firstr proposed twoyears ago, as they cited the poor economgy and shrinking city revenue as reasons for a much-reducer contribution.
Another $35 million woul d be raised by a tax on guestw staying at any one of eighf hotels inthe city's North Bayshore redevelopmeng area surrounding Great America. City officialsw stress no General Fundmone -- which pays for city servicews such as police, fire, parks and libraries will be used to pay for stadium construction or A Stadium Authority, a joint powers governing body comprised of city and team along with the 49ersd and the NFL would be responsible for $825 millionm in stadium construction costs under the
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