Big plans live and die in L.A. (1 Viewer)

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By Sam farmer/L.A. Times

The San Francisco 49ers say they're moving to Santa Clara and by 2012 will make the platinum upgrade from the NFL's worst stadium to its best. All on their dime.

Well, something doesn't add up.

Just two weeks ago, team owners were told the cost of a stadium in the Los Angeles area could top $1 billion, and that's if construction were to start right away.

So how are the 49ers going to bankroll their own venue — with accompanying commercial complex — and stay in business? It's not as if things are any cheaper in the Bay Area than they are in Southern California. Maybe those folks on the Coliseum Commission who said that $1-billion estimate was wildly inflated weren't far off base.

Full Story - The L.A. Times
 

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