And so much for all that: The <B>San Francisco 49ers</b> and the Santa Clara oversight board that had been denying the team $30 million it was expecting for its new stadium have apparently agreed to split the difference, according to the San Jose Mercury News. The team and county schools will now each get $2.5 million a year from the pool of property-tax money, and other local agencies will get a few million more.
The 49ers, meanwhile, will still get their $30 million, but it’ll take a bit longer. How much longer? Reports the Merc News: “It will take about a half-decade to get the $30 million [the team] was promised, instead of only a few years like it had planned.” Um… right. Hopefully some of that money will be used to hire math teachers for California’s future journalists.
from Field of Schemes http://www.fieldofschemes.com/2012/08/10/3645/49ers-santa-clara-cut-deal-to-split-property-tax-cash-avoiding-entertaining-lawsuit/
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