Santa Clara Wins $180 Million Victory over 49ers in Levi’s Stadium Rent Dispute & Mayor Seeks Prompt Payment and Full Transparency
Message from the Mayor:
CONTACT: Jennifer Yamaguma, Community Relations Manager
(408) 615-2212 firstname.lastname@example.org
Location: Mayor’s Office, Santa Clara City Hall
1500 Warburton Ave, Santa Clara
Who: Mayor Lisa M. Gillmor, City of Santa Clara
What/Why: Mayor Gillmor invites the 49ers to waive the Lease Agreement’s confidentiality to achieve full transparency on the significance of this victory and prompt payment for the City (Stadium Authority) and taxpayers.
At the August 21 Joint Council/Board meeting, Mayor Gillmor will request the Santa Clara Board approve waiving the confidentiality and request the same from the 49ers. Given that the 49ers have expressed concern about the lack of transparency on this matter, waiver of the Confidentiality clause allows the 49ers to promote transparency and demonstrate their interest in the public’s understanding of the truth about this dispute.
Santa Clara won a major victory that resolved a $180 million+ rent dispute with the 49ers. The 49ers’ 2016 request for a $4.25 million/year rent reduction ($170 million over the 40 year lease term), was denied and, instead, the arbitration triggered by the 49ers resulted in an additional $262,000 annual rent increase ($10.48 million over the 40 year lease term) to the City’s Stadium Authority. While the arbitration proceeding is confidential, the amount of the rental award itself is a public matter.