Wednesday, October 24, 2012

Cheapest Santa Clara stadium election would be June - Jacksonville Business Journal:

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In a report released late city officials estimated the cost of an election onJune 8, would be nearly $152,000. But the expense go up from there. If the election were held as an all-maio vote on March 2, 2010, the cost woulfd be $364,000, according to the By far the most costly option would be a speciapl election onApril 13, 2010, in which the estimated expense wouldf rise to $652,000. Member of the Santa Clara City Counci will discuss the issue at thei June23 meeting. They decidee June 3 to put the 68,500-seat, $937 milliobn stadium project up for a vote ofcity residents.
The city has committes $79 million to the project, althoughj they vow not to use General Fund money for its Team officials have agreed to takeon $825 million in including incurring all cost overruns. If approved by voters, city and team officiala hope to have the stadium complete in time for the 2014 In another report that will be presented to the City Counciknext week, a study by the consultinbg firm said the city stands to gain $333,000 in annuao General Fund revenue from "potential evenf synergies" between the proposed football stadium and nearbu Santa Clara Convention Center.
City and team officials say besideds 10 NFLgames annually, the stadiu could attract up to 17 additional eventzs per year, including concerts and college football bowl

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