Santa Clara Sets Timetable, Budget for More Talks on 49ers Football Stadium

Fri May 16, 2008 - West Edition

SANTA CLARA, Calif. (AP) City officials in Santa Clara are setting a timetable and budget for more talks with the San Francisco 49ers about a new stadium.

The Santa City Council authorized spending $500,000 in redevelopment agency funds to hire consultants and a law firm Feb. 12.

The total amount of redevelopment money earmarked for the stadium effort now stands at $1 million.

The council also voted on setting July 22 as a soft deadline for the city and the 49ers to finalize financing plans for the proposed stadium.

Santa Clara is considering providing up to $136 million in redevelopment agency financing for stadium construction, plus other work.

A final stadium plan would be subject to approval by city residents, who would probably have a chance to vote on the issue in November.