49ers deal focuses on Candlestick Park improvements 

The 49ers may wrap up their decade-old tiff with The City over poor conditions at the run-down Candlestick Park with a settlement proposed by former Mayor Gavin Newsom just before he left office.

The agreement could satisfy both team officials — because it allows them to leave Candlestick earlier than under the current lease agreement — and The City — because it would prevent the 49ers from pursuing a $60 million claim for repairs.

But even though the 49ers have asserted that poor maintenance at the stadium has lost them revenue, the financial impacts of the proposed settlement are not much different than the current lease with the Recreation and Park Department.

The settlement would allow the team to spend up to $12.852 million including rent credits, a $3 million upfront payment and rent reductions on the stadium throughout the duration of an amended five-year lease.

However, Rec and Park already awards the team $2 million a year in rent credits to make stadium improvements and could continue to do so, thus adding up to $10 million over the duration of five years. The settlement gives the 49ers more leeway on how to spend the money, Rec and Park officials said.

The amendment extends the lease through the 2015 season. Otherwise it would have expired in 2013 with an option for a five-year extension. The 49ers will now have an option to leave a year earlier than 2015 or exercise a series of one-year options after then, but the team wants to be in Santa Clara by then.

Newsom made the proposal in December, and after several meetings in closed session with the attorneys, the Recreation and Park Commission will vote on the lease amendment and settlement today. The Board of Supervisors must also give their approval before the 49ers sign the amended lease.

Supervisor David Chiu on Tuesday, supported by Mayor Ed Lee and Supervisor Malia Cohen, introduced the proposed agreement to the Board of Supervisors.

“I think this settlement well ensures that our San Franciscans will continue to enjoy Candlestick Stadium and our 49ers and hopefully enjoy that for many years to come at Candlestick Park along with our home team,” Chiu said.

Lee spokeswoman Christine Falvey said Lee is working on his relationship with 49ers President Jed York. Newsom had a notoriously strained relationship with York.


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Kamala Kelkar

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