More 49ers fans dumping seat licenses, because 49ers’ new stadium sucks

The San Francisco 49ers‘ new stadium in Santa Clara has had some problems since it opened last year — the grass won’t stay put, it was brutally hot, getting in and out by car was often painful, and the stadium lights blinded nearby airline pilots. And now, according to KGO-TV, some seat license holders are fed up and want out of their season-ticket deals:

If you were hoping to get your hands on a San Francisco 49ers Season Builders License, or SBL, you’re in luck. Thousands are now available, but re-sellers say it has nothing to do with the team’s current record. Still, a growing number of fans are very dissatisfied…

“Half the stadium, we get beat up by the sun. So if you’re going to watch a game, you want to enjoy, drink a few beers. Here, you drink a few beers, and you get beat up, come home with sunburn, it’s just a bad experience,” [San Jose resident Tuan] Le said.

Other fans complained that the 49ers changed their ticket policy this year, sending only electronic tickets that can’t be printed until 72 hours before the game, making it harder to sell unwanted tickets.

Now, it’s only 3,000 licenses that are up for resale, up only slightly from last spring, and not all that much in a 68,000-seat stadium. And besides, the magic of PSLs (or SBLs as the 49ers call them) is that the team doesn’t have to give a crap about any of this: They’ve sold the licenses already, and it’s the fans’ problem if they made a bad investment.

The more interesting question is what this means for plans to finance stadiums in Los Angeles by similar means: Will L.A. fans, seeing the mess in Santa Clara, be more hesitant to plunk down for Rams/Raiders/Chargers PSLs? Nobody knows, but then nobody knows how viable those PSL sales projections were in the first place. This is a cautionary tale for somebody, that’s for sure, but whether it’s for football fans, for city officials in Inglewood and Carson, or for cities that think they have to outbid L.A. for the right to keep their teams is yet to be determined.

49ers PSLs nearing sellout, everybody can breathe easier about stadium debt

You can upgrade the San Francisco 49ers‘ seat-license sales count from “most of them” to “pretty much all of them“:

The team disclosed late Friday it has sold more than 95 percent of the seat licenses at the nearly 70,000-capacity Levi’s Stadium — up from 75 percent a year ago and 50 percent a year and a half ago. The seat licenses, which are new for the 49ers, cost $2,000 to $80,000 apiece and give fans the right to buy season tickets.

The total value of the purchased seats is believed to be roughly half a billion dollars, which Santa Clara uses to help pay for the $1.3 billion stadium, though most of the cash will be paid over time in installments.

As we’ve covered before, the healthy PSL sales mean that pretty much everyone is going to come out looking okay from the 49ers stadium deal: Santa Clara doesn’t have to worry about repaying its stadium debt, while the 49ers are reportedly set to make money hand over fist. (Federal taxpayers have to take the hit from that $120 million tax subsidy for the PSLs, but that’s the IRS’s problem for not closing that loophole. Or Congress’s, I guess.) We finally have a model for a successful stadium project, then: Build it in a market where you have a fan base rabid and rich enough that they’re willing to pay anything for a chance to buy tickets, and where naming-rights fees run into the eight digits, and you’re all set. Too bad everybody can’t play in the Bay Area