On the heels of Santa Clara announcing it has lined up $850 million in pledged financing to construct a new stadium for the San Francisco 49ers, the JMA Ventures led group which included the York family, owners of the 49ers, has dropped its plans to purchase the Great America amusement park down in Santa Clara.
That being said, while the current owners of Great America had once objected to the plans to build a stadium next to their park, they have now “reached a long-term agreement with the San Francisco 49ers related to the construction of the stadium and parking for NFL and other stadium-related events for the life of the new stadium” according to the San Francisco Business Times.
∙ Santa Clara Scores $850 Million To Finance New 49ers Stadium [SocketSite]
∙ 49ers “Affiliated Entity” Partnering On Acquisition Of Great America [SocketSite]
∙ First And Goal For The San Francisco Santa Clara 49ers Stadium [SocketSite]
∙ JMA drops plan to buy Great America, but 49ers stadium plans proceed [bizjournals.com]