Speaking of “Wooooo, Niners!”, the new stadium in Santa Clara CA cost nearly a billion to build, after cost overruns, and the town, which only has 100,000 residents, came up with the land and a few hundred million in direct costs plus a bunch of potential future risk if the stadium isn’t making enough money or if the owners start whining about how the city’s going to have to upgrade the stadium to keep them from moving back to Candlestick.
Yeah, they’ve scored themselves a Superbowl a couple of years from now, and maybe it’ll help, but a lot of the people who stay in hotels won’t just be in Santa Clara itself, they’ll be in San Jose or anywhere else nearby they can get a room, and Santa Clara’s not that full of restaurants to get their business either. So it’ll be nice for the surrounding towns, but won’t help pay off the stadium as much as they’d like.
