Santa Clara continues to claim that the 49ers are hiding financial information from the city. A civil grand report from last year claims that the city of Santa Clara hadn't seen any revenue from…events in six years nor have they seen any money from…events from the stadium's most recent fiscal year. When it was announced last year that a report was being done by a civil grand jury, the 49ers responded with an unusual act of having a 49ers executive follow, investigate and harass the jurors.
Last year, 16 cities, including Seattle and Vancouver, were selected to be hosts for the 2026 World Cup matches. Then FIFA told every city to just shut up if anyone asked about expenses. FIFA was tired of answering questions from cities. It is well-known that the hosting cities are expected to pay most of the costs. But when cities like Chicago, Vancouver and Minneapolis tried to get a basic level of certainty on some major unknowns, FIFA ignored them. Cities had to decide whether they could figure out a number of huge and unpredictable costs without FIFA help.
Two months ago, it was announced that the city of Calgary and the Calgary Flames, their NHL team, had come to an agreement to build a new arena for just the low, low price of $1.22 billion. This comes after last year's failed arena deal where the Flames decided to pull out of the deal.
Saskatoon announced that a proposed new arena would cost $178 million. If we apply 7% inflation to that number, then it now becomes $191 million in today's dollars. Except, we don't know whether construction costs, project costs or land acquisition were originally included in the cities estimate. If we include major capital projects into this project, the cost goes up towards $300 million.
In April 2021, the city of Calgary leased public land to a private company and promised to build a large parking lot near the agreed-upon new arena. All of this was done without the public knowing and was NOT INCLUDED in the new arena deal.