Haute 100 Update: 49ers President Jed York on Financing and a New Stadium

San Francisco 49ers president and Haute 100 San Francisco member Jed York has said over a conference call that the new Collective Bargaining Agreement has allowed for enough extra cash to build not one, but several new stadiums – a reported 1.5% of the entire league’s salary cap, to be exact.
The credit to build has been estimated to be between $100 million and $125 million a year and, despite some rumors, 29-year-old York has said that, although he has never witnessed any real pressure from the league to share a new stadium with the Oakland Raiders, the idea is not completely out of the picture. He is, however, still very focued on Santa Clara being the location.
“We’ve discussed it, but there’s no plans. There’s nothing in the works,” commented York. “And again, it’s something we remain open to, but it’s got to be the right deal for two teams. There’s nothing that anybody can force to make that happen.” The new stadium is already slated to begin with construction in 2013 and has an anticipated completion date of 2015.
York was understandably excited about the new bargaining agreement, as this now means he can vigorously pursue stadium financing. “Very hard to receive financing for a new stadium when you are in the middle of a lockout,” York said. “Now that is resolved, now we can turn our attention to working with the NFL, working with the banks that have financed stadiums in the past. … It makes it a lot easier to get finance commitments from those banks, and that’s where we are going to turn our attention.”
Our Haute 100 list details the accomplishments of the most influential people in each of our markets. To see the entire Haute 100 San Francisco list, click here.
Former San Francisco 49ers quarterback, Hall of Famer, football legend, and Haute 100 San Francisco member Joe Montana has a lot of accomplishments under his belt – and now he can add one more. The famed NFL figure was approved earlier this month by the Santa Clara City Council to start developing...
Jed York put a gold shovel in the ground, marking the significant move to the city.
President and CEO of the San Francisco 49ers Jed York just got some great news, and he’s eager to share. The NFL has approved a $200 million loan that will go to the funding of the team’s new Santa Clara stadium.
The San Francisco 49ers announced that the official ground-breaking date for the new stadium will be April 19.
The San Francisco 49ers may be moving to a billion-dollar stadium in Santa Clara, but first the plans are going before a judge who will hear arguments regarding financing for the complex and whether it should be subject to voter approval.
Jed York, owner of the San Francisco 49ers, joked while announcing who will throw to Randy Moss.
The entire San Francisco 49ers team, including with their owner, Dr. John York, President/CEO Jed York, head coach Jim Harbaugh, and general manager Trent Baalke joined top Silicon Valley CEOs to don aprons on Tuesday, August 9 for their role as celebrity waiters for nearly 1,000 guests at the fifth...
President Barack Obama attended four fund raising events around New York City last night, Mar. 1. In total, the four events over the course of the single evening are expected to have raised between four and five million dollars for Obama’s campaign.
Colombian musician, superstar, and philanthropist Shakira is well known for her love of soccer and will be performing live to officially open Olympiysky, the new four-billion-hryvnia (approximately $500 million) stadium in Kiev, Ukraine on Oct. 8.
Jay-Z’s momentum just keeps gaining. We can’t help but post about this talented new fathers endeavors once again. In early December, Haute 100 lister Jay-Z announced two consecutive performances at Carnegie Hall, which would serve as fundraisers for his non-profit, the Shawn Carter Scholarship F...