Santa Clara Residents Back Stadium Spending
Residents in Santa Clara, California have approved a measure that would direct $937 million in funding towards the creation of a stadium intended to lure the San Francisco 49ers football team.
"Santa Clara officials and several hundred stadium supporters packed into an American Legion hall to celebrate the anticipated passage of Measure J. While precinct results were slow to arrive, the stadium supporters exuded confidence. By 9:30 p.m., the pro-Measure J leaders already were handing out awards and congratulating each other for a measure well won.
Opponents of the stadium could only watch the results and hope for an upset that never came.
'We did everything we could possibly do, and all we can do now is wait,' said Bill Bailey, a leader of the effort to block construction of the new home for the NFL club."
San Francisco, though, is drafting its own plan to build a new stadium for the team in hopes of keeping it in town.
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- Analyst Says Economic Benefit of L.A. Stadium Would Be Minimal - Sep 01, 2011
- California Cities Hoping Projects Lure Teams and Development - Aug 30, 2011
- Vision Lacking in Downtown L.A. Stadium Plan - Aug 19, 2011
- 10 Tips for Building a Stadium in L.A. - Apr 09, 2011
- L.A. Football Stadium Unanimously Approved - Mar 01, 2009
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Oh, no!
Stadiums do not deliver on the economic development they promise. Period. This is an appalling amount of money that, in the end, will deliver little return on investment to anyone other than the football team and a couple of adjacent restaurants. Cities need to stop putting all their economic development dollars in one basket. And someone needs to drop a few thousand copies of "Public Dollars, Private Stadiums" on this city.
Oh, no!
Stadiums do not deliver on the economic development they promise. Period. This is an appalling amount of money that, in the end, will deliver little return on investment to anyone other than the football team and a couple of adjacent restaurants. Cities need to stop putting all their economic development dollars in one basket. And someone needs to drop a few thousand copies of "Public Dollars, Private Stadiums" on this city.