Stadium Faces Vote
The San Francisco Board of Supervisors is sending the 49ers’ $525 million stadium proposal to the city’s voters.
Board members voted 10-0 to put a $100 million bond measure for a football stadium and shopping mall on the June 3 special election ballot.
“The risk of this proposal lays mainly at the feet of the 49ers,” said Supervisor Susan Leal, who heads the board’s finance committee and oversaw nearly a dozen changes and clarifications to the plan.
That includes, among other things, a guarantee from the 49ers that nearly half a billion dollars in financing will be secured before the bond money can be handed over.