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May 20, 2009
Santa Clara 49ers deal: Wait for it...
The city of Santa Clara announced as promised yesterday that it agreed to a financing plan for a San Francisco 49ers stadium, and the long-awaited details are ... not going to be released until May 29, in advance of a June 2 city council meeting on the plan. Unnamed sources tell the San Jose Mercury News that the total public subsidy will be "well under $90 million," but the San Francisco Chronicle reports that Santa Clara Mayor Patricia Mahan says it will also include $62 million to move an electrical substation and build a parking garage — given how little agreement there's traditionally been among elected officials as to what constitutes a "subsidy," it's probably best to wait and see the fine print.
