Reports on Attempts to Lower His Own Stadium Rent
The 49ers are hoping for a winning season at Levi’s Stadium, but off the field they continue to get sacked by the home team at Santa Clara City Hall
The latest skirmish is over stadium rent. The team had asked for a $4.25 million-a-year rent reduction for the remainder of its lease.
Instead … an outside arbitrator was brought in, who instead of reducing the rent upped it by $262,000 a year.
The ruling amounts to a roughly $180 million rent swing over the 40-year life of the lease.
The latest skirmish is over stadium rent. The team had asked for a $4.25 million-a-year rent reduction for the remainder of its lease.
Instead … an outside arbitrator was brought in, who instead of reducing the rent upped it by $262,000 a year.
The ruling amounts to a roughly $180 million rent swing over the 40-year life of the lease.
MARCH 18, 2016: City leaders say the San Francisco 49ers have withheld more than $5 million in rent for Levi’s Stadium since December as the NFL team pushes for lower payments as part of its deal with the city... .
“I’m going to ask [that] the city is made whole for their contractual obligations,” [Mayor Lisa] Gillmor said Friday. “It needs to be paid.”
Gillmor says she’ll push to ensure any changes to the Niners’ rent or contract are discussed in open session because it’s “public money.”
“It was mentioned they had apparently reset their own rent without our approval,” she said. “But I want every penny accounted for and delivered as per the contract.”
“I’m going to ask [that] the city is made whole for their contractual obligations,” [Mayor Lisa] Gillmor said Friday. “It needs to be paid.”
Gillmor says she’ll push to ensure any changes to the Niners’ rent or contract are discussed in open session because it’s “public money.”
“It was mentioned they had apparently reset their own rent without our approval,” she said. “But I want every penny accounted for and delivered as per the contract.”
March 19, 2016: Two years into the 49ers’ stay in Santa Clara, there’s a dispute about how much rent the team has to pay.
Santa Clara Mayor Lisa Gillmor said the 49ers need to continue paying the full $24.5 million a year in rent that their lease called for from the time they first moved into the stadium two years ago. But the 49ers aren’t paying that. They say a clause in their lease allows them to reset their rent based on changes in revenue and costs, and the 49ers now want to pay $20.25 million a year.
Santa Clara Mayor Lisa Gillmor said the 49ers need to continue paying the full $24.5 million a year in rent that their lease called for from the time they first moved into the stadium two years ago. But the 49ers aren’t paying that. They say a clause in their lease allows them to reset their rent based on changes in revenue and costs, and the 49ers now want to pay $20.25 million a year.
Gillmor says she’ll push to ensure any changes to the Niners’ rent or contract are discussed in open session because it’s “public money.”
“It was mentioned they had apparently reset their own rent without our approval,” she said. “But I want every penny accounted for and delivered as per the contract.”
“It was mentioned they had apparently reset their own rent without our approval,” she said. “But I want every penny accounted for and delivered as per the contract.”
Instead … an outside arbitrator was brought in, who instead of reducing the rent upped it by $262,000 a year.
The ruling amounts to a roughly $180 million rent swing over the 40-year life of the lease.
The ruling amounts to a roughly $180 million rent swing over the 40-year life of the lease.
By Mattier & Ross
By RAMONA GIWARGIS
BY MICHAEL DAVID SMITH
49ers get sacked again in rent
battle with Santa Clara City Hall
battle with Santa Clara City Hall
Santa Clara: 49ers withheld
three months of rent
three months of rent
Santa Clara, 49ers feuding
on Levi’s Stadium rent
on Levi’s Stadium rent
Read more
supporting documents
jedyorkfacts.com
Jed's Million Dollar
Contribution Report
Contribution Report
Reports on Attempt to
Eliminate Late Night
Concert Curfew
Eliminate Late Night
Concert Curfew
City Lawsuits Filed
Against 49ers - None
( Empty )
Against 49ers - None
( Empty )
Reports on Attempt to
Lower His Own Stadium
Rent
Lower His Own Stadium
Rent
Jed's Contribution
to Jamie Mathews
and Dominic Caserta
to Jamie Mathews
and Dominic Caserta
List of Personal Negative
Comments About Female
Leaders in Santa Clara
Comments About Female
Leaders in Santa Clara
Reports on Attempt to
Take Youth Soccer Park
Take Youth Soccer Park
List of Lawsuits Filed
Against City by Jed's
Organizations
Against City by Jed's
Organizations
Ad paid for by Santa Clara Police Association Political Action Committee. Committee major funding from:
This advertisement is not authorized by a candidate or candidate-controlled committee
Related Santa Clara
