The 49ers are heading into their 10th season at Levi’s Stadium. A new report released by the team says the stadium has generated over $2 billion for the local community.
are heading into their 10th season at Levi’s Stadium. A new report released by the team says the stadium has generated over $2 billion for the local community.
According to a new report compiled by Sports Economics, Levi’s Stadium had one its most successful economic years from April 2022 to March of this year. Over the last 10 years, Levi’s Stadium has generated billions of dollars. City Council member Kathy Watanabe posted a message on social media saying, "If there was so much economic benefit, why is homelessness a problem in the Bay Area? Stadium management has taken millions of dollars…through the tax appeal process."
"If you just look at their overall benefit, their debt from a perspective, the SBLs that we sold in this building went directly to pay down debt. Now we’ve accelerated those payments so much that the city saved $100 million in interest expense that they would’ve paid because we’ve done so well on the building," Guido said.
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