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Niners see hope for new stadium in CBA - Ingles

Team President Jed York spoke optimistically Tuesday about the 49ers' Santa Clara stadium fundraising efforts in light of the NFL's new collective bargaining agreement.
In a conference call, York discussed the benefits of the new stadium fund included in the agreement - a 1.5 percent cut of league revenue. This year, the NFL could set aside about $60 million. That number is expected to grow in years to come.

"That's going to be enough for several new stadium projects," York said of the potential annual support.

How the league will divide the money remains to be seen. York reiterated that he is open to sharing a stadium with the Raiders and said he has talked to Santa Clara officials about that possibility. He also said the league has not pressured the 49ers and Raiders to combine their stadium efforts.

York, who interrupted his honeymoon to make the call to reporters, also said that because a 10-year labor agreement has been reached, the 49ers can aggressively seek stadium financing.

It's "very hard to receive financing for a new stadium when you are in the middle of a lockout," he said. "Now that it is resolved, now we can turn our attention to working with the NFL, working with the banks that have financed stadiums in the past."

York said the Santa Clara stadium plan is on schedule to be completed by 2015. This article was written by Kevin Lynch and appeared in The San Francisco Chronicle.

Posted by Necesitamos Mas Football on 10:47 a. m.. Filed under . You can follow any responses to this entry through the RSS 2.0

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