By all accounts, a new San Francisco 49ers stadium in Santa Clara looks like a done deal. Recent moves by the city of Santa Clara and the National Football League regarding construction funding has led to a decision to break ground July 1 instead of next year.
According to a news report from the San Jose Mercury News, the $1-billion project will go before the city council this week for a final approval of a construction contract announced Feb. 10 with the Turner Construction/Devcon Joint Venture that calls for a firm completion date of Aug. 31, 2014, one year earlier than originally planned. The contract is incentivized, of course, with the JV getting a $5-million bonus if the deadline is met or a $6-million fine for each 49er game missed passed the deadline. The building contract is worth $878 million.
The NFL recently pitched in $200 million for the construction, $50 million more than the Santa Clara Stadium Authority and 49ers had anticipated. The city also arranged $850 million in bank loans in December.
So with financing finally lined up, the city recently awarded a sitework contract to Ghilotti Construction Co., Santa Rosa, for infrastructure work at the stadium site, which sits opposite the Great America theme park. The contract is worth $10.4 million.
HNTB has already been contracted to design the project, which consists of a 68,000-seat stadium covering 14 acres.
Local stadium opponents have been actively seeking signatures to put the whole project back on the ballot (it was originally approved in a 2010 vote) since the total cost of the project and details about the city’s loan commitments were not known at the time of the first vote.
The 49ers have been playing its games at Candlestick Park just south of San Francisco for the past 66 years. The city had tried to work out a new stadium deal with the team for a number of years, including a big push for a site at the Hunters Point redevelopment project. In the end, it obviously came down to which city was willing to put up the most money.
According to a news report from the San Jose Mercury News, the $1-billion project will go before the city council this week for a final approval of a construction contract announced Feb. 10 with the Turner Construction/Devcon Joint Venture that calls for a firm completion date of Aug. 31, 2014, one year earlier than originally planned. The contract is incentivized, of course, with the JV getting a $5-million bonus if the deadline is met or a $6-million fine for each 49er game missed passed the deadline. The building contract is worth $878 million.
The NFL recently pitched in $200 million for the construction, $50 million more than the Santa Clara Stadium Authority and 49ers had anticipated. The city also arranged $850 million in bank loans in December.
So with financing finally lined up, the city recently awarded a sitework contract to Ghilotti Construction Co., Santa Rosa, for infrastructure work at the stadium site, which sits opposite the Great America theme park. The contract is worth $10.4 million.
HNTB has already been contracted to design the project, which consists of a 68,000-seat stadium covering 14 acres.
Local stadium opponents have been actively seeking signatures to put the whole project back on the ballot (it was originally approved in a 2010 vote) since the total cost of the project and details about the city’s loan commitments were not known at the time of the first vote.
The 49ers have been playing its games at Candlestick Park just south of San Francisco for the past 66 years. The city had tried to work out a new stadium deal with the team for a number of years, including a big push for a site at the Hunters Point redevelopment project. In the end, it obviously came down to which city was willing to put up the most money.
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