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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.