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SANTA CLARA, CA-Negotiations between the City of Santa Clara and the San Francisco 49ers for financing a new $900-million football stadium are “finishing up,” the city manager’s office tells GlobeSt.com. The City Council should be viewing the results in the next several weeks. If the council likes the terms, the proposal will eventually be voted on by the people either late this year or early next.

“We have made great progress,” deputy city manager Carol McCarthy tells GlobeSt.com. “I think we are getting pretty close to finishing up; we’re hoping to report back to council in the next month or two. We will either bring the council a term sheet or tell them why not.”

The City Council determined the stadium project to be feasible in January 2008 . The following month, it authorized the city manager to execute a negotiating agreement with the 49ers to proceed with term sheet negotiations. In June 2008, the deadline for negotiations was extended to Feb. 1.

Last week, the San Francisco 49ers asked the city to amend the project description to include the possibility of it being a two-team stadium, bringing the proposal in step with the latest directives from the National Football League. The change in important insofar as it affects the city’s assessment of how the stadium’s use might impact infrastructure in the region.

The San Francisco 49ers currently play their games at Candlestick Park, but its headquarters and practice facility is already located in Santa Clara. The team’s Candlestick lease runs through the 2008 season. The team holds three five-year options that could extend it through 2023.

The 49ers first revealed its plans to relocate to Santa Clara in late 2006, saying that plans for a new stadium at a redeveloped Candlestick Point lacked among other things the surface parking for fans’ traditional pre-game and post-game tailgate parties. Shortly after the team’s announcement, San Francisco scrapped its bid for the 2016 Olympics. The bid envisioned hosting the opening and closing ceremonies at the new stadium.

In March 2007, in an attempt to turn the team’s focus back into the city for which it is named, San Francisco and its redevelopment partner, Lennar Corp., revealed a revised plan that would move the stadium to Hunter’s Point, a contaminated 500-acre site the Navy is cleaning up and conveying to the city’s redevelopment agency in stages.

The proposed Hunter’s Point stadium would be encircled with expansive fields of reinforced grass that would be used for tailgating on game days and for sports and other recreation the rest of the year. The Navy has promised to expedite the clean-up and conveyance of the proposed 27-acre stadium parcel by June 2009 to facilitate the football team’s goal of playing in a new stadium in 2012, and Lennar offered to contribute $100 million in cash toward the stadium and to help finance related parking, road and utility improvements.

In December, the San Francisco Board of Supervisors approved a resolution endorsing the funding plan for the $1.4-billion redevelopment of Candlestick Point and Hunters Point Shipyard as authorized by city voters last year. The planned development is expected to provide 7,500 permanent jobs, 10,500 new homes, 300 acres of parks and open space, two million square feet of office space, 700,000 square feet of retail and entertainment and a new stadium site for The San Francisco 49ers.

“We think we have crafted…a plan that meets the needs of Bayview-Hunters Point, keeps the 49ers playing in San Francisco and helps advance the economic interests of this city despite challenging market conditions,” said Lennar Urban’s Bay Area division president Kofi Bonner at the time.

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