If contributing $222,000,000 and 15 acres of land to a project AND assuming the risks of stadium operations were such a great deal, why can't the San Francisco 49ers find private investors willing to invest private money into this project?
The fact that they have turned instead to the City of Santa Clara to ask for a massive public handout for this project is perhaps the best evidence that this enormous gift of public money is a poor investment.
One of Silicon Valley's many claims to fame is its venture capital firms, and if the 49ers can't find private investors in this area (or anywhere else, for that matter) to partner with them, then they should not expect the City to provide the money for them.
The New England Patriots have proven that football stadiums can be built with little to no public assets. The 49ers should take a page from their play book.
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