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City Council Approves Term Sheet

Posted by liliusd42 on June 30, 2009 – 10:51 PM

Last Friday, the San Francisco 49ers reached an agreement with the City of Santa Clara on a term sheet for a new state-of-the-art stadium.  On Tuesday night – or what ended up being early Wednesday morning – the Santa Clara City Council approved the term sheet by a 5-2 vote.  The open council session began with great discussion about the term sheet, opinions of public speakers and comments from city officials, 49ers staff and stadium and financial experts.

“We’re very excited about the 5-2 vote,” said team owner and president Jed York.  “It was a very long night, but I think that shows how thoroughly everybody studied this plan.”

The environmental impact report still needs to be completed before a measure is put on the ballot for voter approval.  No date has been set for that election, but it is expected to be sometime in the Spring of 2010.

“The 49ers stadium makes Santa Clara a better place to live, to work and to play,” said York.  “And I think that’s very evident.  I think anytime you have a deal that makes your city a better place, I think voters will vote affirmatively.”


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