49ers reach agreement on disputed stadium funds...

[Upton]

The 49ers appear to have reached a deal over $30 million in tax funding for their new stadium in Santa Clara that was unexpectedly yanked by county officials in June.

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Under a deal reached Thursday, the Santa Clara Unified School District and other agencies will get about half of the money they wanted, according to a report by the San Jose Mercury News. The school district will then be able to balance its budget to avoid teacher layoffs, according to the newspaper.

The 49ers, meanwhile, will get the full $30 million, although not as quickly as they had hoped. The money is a small fraction of the total $1.2 billion stadium cost.

The Mercury News reported that the settlement must still be approved by county officials and a judge overseeing a lawsuit filed by the 49ers in response to the county's decision. But the newspaper reported that construction, which began in April, can now proceed at "full speed."

http://www.csnbayarea.com/football-san-francisco-niners/niners-talk/49ers-reach-agreement-on-disputed-stadiu?blockID=755467&feedID=2539

2014 here we come..

[HereSince1628]

1. Ah, it's great to see entrepreneurs building businesses on their own n/t

[Upton]

2. Measure J passed with 60% of the vote..

[HereSince1628]

3. Just a comment on the r's meme about self-reliance in business.

Nowadays tax-support for stadium projects is common.

[madinmaryland]

4. Ironically, the NFL is the epitome of Socialism in action!!

[JonLP24]

5. I don't get that comparison

The NFL is like McDonalds, Wendys, Burger King, Jack-In-The-Box, etc joining together to restrict new competitors & maximize their profits. Revenue sharing, national TV deals, draft, etc are measures that help the entire league as a whole. Things like the draft was a measure in the early days of the NFL when teams would be gone left-and-right, ensuring some parity creates stable franchises which is good for the NFL as a whole. Plus, when the Browns was winning title after title in the AAFC, attendance (including in their own stadium) went down.

[Auggie]

6. McDonald's doesn't share revenue ...

(unless you count marketing as revenue) among its franchises. The NFL does.

[JonLP24]

7. The comparison I used

hasn't happened. I should have said the NFL would be like McDonald's, Jack-In-The-Box, etc joining together to form one brand "NFL" a long with everything else I said.

Other examples I could have used - it would be like JCPenny, GAP, & other department stores joining together. Target, Wal*Mart, K-Mart.

On edit - It would actually happen very rarely since what I described is an anti-trust violation. Sports generally get away w/ anti-trust violations.

[madinmaryland]

8. Jon. The teams share equally in revenue. Think of it as a small industry

that while they are in competition with each other, agree to share the profits (and supposedly the losses).

Additionally the way they suck off the government teat in every city.

[JonLP24]

9. I got that

I stated it was for the good of the one main brand "NFL".

The subsidies have to be looked at as a transaction(even though legally it isn't), a transaction with many buyers, one seller. The demand for a NFL team is high but they supply of teams is very low which the NFL takes advantage of that market for sweetheart deals.

The sharing revenue is probably the only thing that makes it socialist, I view the NFL as an example of predatory capitalism as well as all the US sports leagues w/ the NCAA as the worst offender.

[Onceuponalife]

10. Just means Whiner fans are both callous and stupid.