The NEW San Francisco 49ers stadium
Total cost $1.2B
The county had promised funding of $40M through a redevelopment act. $10B had been spent,leaving $30M free cash.
The county has re-appropriated the funds to cover education etc
A storied franchise. Many games sold out
Popular as all get out
The county had promised 33% funding.
Now its less than 10% - due to tough times.
Here Mandalay is asking for 100% financing (right now) for a questionable attendance figure given our history with the Roosters.
Economic tough times trump building entertainment venues.
And you wonder why or how Fulton/McCoy could get so many signatures so fast?
This project needs to die before we spend anymore money
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