The SF Chronicle reports both some good and bad news about the 49ers Stadium Plan, which remains up in the air.
A proposal by an investment group headed by former 49er great Joe Montana to build a luxury hotel across from the team’s proposed new Santa Clara stadium is just the latest sign the stadium project is on track, its backers say. But while city officials insist the stadium is in line to open for the National Football League’s 2015 season, terms of the deal with the 49ers are in flux, financing remains a major question, and the price tag has grown by $50 million over the past year, sending the cost to nearly $1 billion.
The parking lot adjacent to the Great America amusement park and the team’s headquarters still looks as it did last June, when city voters approved a ballot measure to build a stadium there that would move the 49ers from their longtime home in San Francisco. Santa Clara Mayor Jamie Matthews acknowledged that trying to build a 68,500-seat stadium in the heart of Silicon Valley is “a complex project with a lot of complex financing and a lot of moving parts.”