The San Francisco 49ers got one step closer to breaking ground on their new stadium last night. They announced a few weeks ago that they had the financing structure in place, and last night the Santa Clara Stadium Authority voted unanimously to accept terms of an $850 million construction loan.
Revenues from stadium naming rights, stadium builders licenses and additional revenues would be used to repay the load.
Everything looks to be on target for groundbreaking in spring of 2012, which is right around the corner.
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