Tuesday, March 30, 2010

The 49ers Stadium WILL raid the General Fund - Two

Santa Clarans,


Last June 2, the San Francisco 49ers made a terrible mistake. They allowed this slide to go on the public record:

http://www.santaclaraplaysfair.org/docs/General_Fund_RIPOFF

The City Council's five "Stadium Boosters" voted to accept the entire Term Sheet - as defective as that document is - and that includes
also the City Staff report containing the above facts.

In other words: City Staff told us - truthfully, and on the record - precisely how the 49ers' stadium subsidy damages our City's General Fund.

But the "Stadium Boosters," on and off of our City Council, really can't tolerate having Santa Clarans in possession of the truth. They're now trying to deny this General Fund loss.

Note, however, that the "Stadium Boosters" aren't willing to present anything in front of City Council, nor can they afford to be challenged on their claims publicly. They want to deny the truth by whisper and rumor - but they don't want to do that in a public forum where they would be forced to prove their case.

Santa Clara Plays Fair asks all Santa Clarans: Shall we trust in a City Staff who has done more than any other group to get the facts of the stadium subsidy before us? Or are we going to be fooled by the glib promises and slick propaganda coming out of the San Francisco 49ers?

The upfront "corporate welfare check" of $114,000,000 to the 49ers DOES cause the General Fund to LOSE $67,000,000.

Please: Don't be fooled by the hype and false claims of the "Stadium Boosters." Please VOTE NO ON MEASURE J on June 8th.



Thanks for all of your support,
Bill Bailey, Treasurer,
Santa Clara Plays Fair . org

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1 comment:

Unknown said...

Below is an excellent report on the tax expense of super stadiums and their ecomomic development myth. We need to broadcast this.

http://news.stanford.edu/news/1998/january7/stadiums.html