Proposed new 49ers stadium refers to a proposed stadium to be built in Santa Clara, CA in time for the 2014 NFL Season.
49ers President, Jed York is not happy even after winning at the ballot box as they need to face too many hurdles to complete the construction of new NFL stadium.
49ers management is seriously focusing on the funds. The new NFL stadium requires $500 million for construction. Right now, 49ers are not so affluent right now. But, many are believing that it needs more than $937 million to build the 68,500-seat stadium.
Some of the big franchiseās like Dallas Cowboys and New York Jets and Giants are not in a position to trade their naming rights to their new stadium, which is a major financial source for 49ers new stadium.
On the other side, 49ers are also looking to share with the Oakland Raiders for the new stadium. The team must need $493 million financial support initially. NFL officials believe that though they won this election, they will face many financial problems during the construction.
The San Francisco 49ers initially presented a plan on July 18, 2006, to construct a new 68,500 seat, open air stadium to be built in time for the 2014 NFL Season at Candlestick Point in San Francisco. Originally, part of the area surrounding the current 49ers venue, Candlestick Park, was to be zoned for retail space and housing; the new 49ers stadium was to be combined with such elements, bringing much-needed attractions to the historically blighted neighborhood of Hunters Point. Currently, after failed attempts by the 49ers and the city of San Francisco to come to an agreement on the location of the new stadium, the 49ers have focused their attention on the Santa Clara stadium site, where the 49ers’ administrative offices and training facility have been located since 1987.
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