Non-Sharks Nor Cal Sports Thread XVI
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06-25-2012, 03:59 AM
Join Date: Jan 2008
Location: Valrico, FL
SANTA CLARA, Calif. (AP) A California county has surprised both the San Francisco 49ers and city of Santa Clara leaders by pulling $30 million in tax funds from the new 49ers stadium.
Santa Clara County officials told the Mercury News on Saturday that they would rather spend the money on teachers.
The team and the city said voters had specifically earmarked redevelopment money to help build the $1.2 billion stadium and that the county has no right to keep it.
The 49ers and Santa Clara officials will craft an official response this week. Lawsuits are likely, according to the newspaper.
The revocation occurred Friday by a new board that oversees property tax from redevelopment zones.
I am all for teachers being taken care of, trust me, but something is fishy here. If indeed this money has been earmarked by voters for the stadium, that is where it goes. People would not like it if money earmarked by voters for teachers was yanked away, so why do the vice-versa of it? I am anxious to see what Santa Clara and the 49ers end up doing in response to this.
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