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49ers close to new stadium in Santa Clara

Written By Duri News on Tuesday, March 06, 2012 | 9:53 AM

Duri News - After a great deal of discussion, it seems that the NFL’s San Francisco 49ers are on the fast track to leaving Candlestick Park for greener pastures in Santa Clara and a new stadium. Reports are surfacing that the team has signed an agreement with a construction firm, and the project could be started in a couple months.


According to the Mercury News in San Jose, the construction firm, Turner-Devcon, could lose “millions” if the stadium isn’t ready for football by 2014. That is an aggressive construction schedule for a football stadium, as that’s just a little over two years. Most of the new stadiums in the NFL have taken at least three years to build.

Santa Clara mayor, Jamie Matthews told the Mercury News that, "We're going to be playing football here in 2014. I have no doubt whatsoever."

Part of the financing package includes sales of PSL’s (Personal Seat Licenses) that the 49ers will call “Stadium Builder Licenses.” The 49ers expect to generate almost $500 million from the sale of these licenses. Fans typically pay a one-time fee for the right to purchase a certain seat within the stadium. Season tickets cost extra.

The San Francisco Business Journal says that the team has already raised close to $100 million. If the team can in fact raise the $500 million amount, the Journal notes that the 49ers would generate the most revenue from the sale of PSL’s, second only to the Dallas Cowboys.

Along with financial help from the NFL, the 49ers should have the whole cost of the new stadium covered.

The 49ers seem to be itching to get out of Candlestick Park – which would explain the aggressive construction schedule. It’s similar to the situation the Minnesota Vikings are in. The team has been lobbying for a new stadium for a decade, and they seem to be getting close to a deal that could finally bring the stadium fight to an end in Minnesota.

Just like the Vikings, the 49ers have made it clear that they do not want to stay in Candlestick Park long – and seemingly would rather be in Santa Clara sooner than later. The Vikings have insisted that they have no intention of remaining in the Metrodome for a long period of time; and the Vikings have denied lease extensions in the 30-year-old stadium.

The latest Vikings plan has a new stadium being built on a parcel of land adjacent to the Metrodome, which would allow the Vikings to play there during most of the construction phase of the new stadium, which would limit the Vikings’ time at TCF Bank Stadium, home of the University of Minnesota Gophers.

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49ers close to new stadium in Santa Clara