By Robert Haugh
According to Stand Up for Santa Clara, the 49ers last paid the City’s general fund only about $9,000 in 2018.
That means they haven’t paid anything for the last four years. Zero. Wow.
The website uses official court and Stadium Authority documents to make its case.
There’s an “Exhibit J” that was a court document. It was created by the financial consulting firm Keysar Marston hired by the City.
Exhibit J shows that the non-NFL event income was projected to be $44 million from the stadium’s opening year to the present.
But only $11 million has been received by the City’s general fund.
SUFSC calls the $33 million difference the “Stadium Debt.”
The site shows charts from Stadium Authority budget documents to make its case. And it has a link to download the official document.
We knew the team with the 49er Five were screwing the City, we just didn’t see clearly how much until now.
Editor’s Note: The 49er Five are Councilmembers Anthony Becker, Raj Chahal, Suds Jain, Karen Hardy and Kevin Park.
Jed York spent $3 million in November 2020 to elect Becker, Jain and Park. They were previously 0-6 in Santa Clara elections. Chahal and Hardy have received gifts from the team recently without reporting them and have received approximately $1 million for their elections this November.
The 49er Five meet with the team on an almost weekly basis and have voted to help the team win millions of dollars in concessions from the City since December 2020.