The following information has been reprinted from a Santa Clara Plays Fair handout:

Stadium = Construction Costs and interest-bearing bonds

For a $937 million stadium construction costs, Santa Clara and its agencies will pay $444 million (47%). The 49ers will pay $493 million (53%).
Santa Clara’s share of $444 million ($10,000 per Santa Clara household) comes from: $114 million dollars ($42 million from redevelopment area (RDA) property taxes (bonds); $20 million electric utility reserve money to move a substation to make 380 parking spaces at $52,000 each; $17 million in RDA bonds for a parking garage; and $35 million from hotel taxes (interest-bearing bond s & a loan at 8.5% interest from 49ers) $330 million from the Stadium Authority, Santa Clara’s agency, that must raise money from risky, uncertain sources (such as selling personal seat licenses and naming rights, which are not selling for other new stadiums elsewhere in the U.S.)

This does not include:
$220 million in interest on Stadium Authority interest-bearing bonds
Tens of millions in interest on the RDA bonds
Interest on loans at 8.5% from the 49ers

This also does not include (from the Term Sheet):
Unknown operations/maintenance costs because the 49ers only pay stadium operations costs they think are ‘reasonable’ Public Safety costs above the threshold the 49ers are willing to pay.  The 49ers are not responsible for the Stadium Authority’s bond debt Who will pay for the costs and bond debt the 49ers won’t pay for? Why are the 49ers hiding the Stadium Authority $330M?

Correct Pie Chart of Construction Costs
On June 3, 2009, the day after the Term Sheet was signed, Jed York (49ers CEO) appeared on Comcast Chronicle Live and showed  a pie chart with the correct construction costs (Yellow = Santa Clara $114 million; Red = Santa Clara’s Stadium Authority $330 million; Blue = $493 million 49ers):

This was the last time Santa Clarans have seen a correct pie chart of construction costs from the 49ers.  After June 3, 2009, the 49ers created a false pie chart that lumps the $330 million Stadium Authority contribution in with the 49ers share to make it look like the 49ers are contributing 88% ($823 million) of the total costs, rather than 53%. The 49ers and their front group Santa Clarans for Economic Progress, have repeatedly mailed this false pie chart of construction costs into our homes, and use this false pie chart (below) in speeches and debates.

The media have repeated the myth that the 49ers are providing $823 M over and over, even though they have been given the true costs. Here’s the False Pie Chart of Construction Costs, which hides the Stadium Authority and pretends that the 49ers are providing $823 million for the stadium:

They are hiding the Stadium Authority to hide the $330 million and bond interest of $221 million, as well as to hide the risks, as described in Stanford Economist Dr. Roger Noll’s article in the San Francisco Chronicle.

Stay tuned as SFC wholeheartedly supports Santa Clara Plays Fair and their efforts to expose the misinformation campaign waged against taxpayers’ and sports fans’ rights in San Francisco. SFC believes that no subsidy should be given to a sports team unless conditions are met in line with the SFC agenda; affordable seating and no blackouts whatsoever.

Join SFC in the fight to take the power back!