The Santa Clara Stadium Authority Board has approved its operating budget of $60.9 million and capital budget of $18.6 million for the upcoming fiscal year, projecting over $6 million in revenue for the city. The budget entails various improvement projects at Levi's Stadium, such as LED retrofitting and installing a new stadium sign. Notably, the Board declined a request from the San Francisco 49ers for office funding to maintain fiscal responsibility. The decision indicates a shift in how the stadium's economic benefits are managed and allocated.
The Santa Clara Stadium Authority Board has approved its $60.9 million operating and $18.6 million capital budgets for the upcoming fiscal year, ensuring financial support for Levi's Stadium and community benefits.
The Board unanimously denied the San Francisco 49ers' request for funding towards their new office, emphasizing fiscal responsibility and careful budget management in light of the current economic climate.
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