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.
Tag: Santa Clara
The Super Bowl continues to suck cities in with false promises of economic glory
Why are cities not making more money off this big event? Because they are paying millions upon millions in expenses mandated by the NFL. In 2016, local taxpayers in San Francisco paid the bill for hosting the Super Bowl and its many off-field festivities. The NFL, a multi-billion dollar company, pays nothing, let me repeat that, nothing during Super Bowl weeks because of a deal between the city and the NFL Host Committee. If you were wondering, local taxpayers did pay for the construction of the stadium in Santa Clara. There is a vast amount of evidence that suggests that the Super Bowl benefits are overstated and not worth the cost of hosting.
The 49ers forgot to tell Santa Clara about their stadium renovations
Recently, the San Francisco 49ers announced plans to renovate 170 stadium suites. The cost is expected to be potentially "eight-figure(s)" according to team officials and will include no public funding as the money will come from their capital expenditure budget. The team expects construction to be done over the next two years.