According to Howard Mintz of the San Jose Mercury News, a “furious campaign” has been launched regarding the measure. Predictably, both sides are resorting to the time-honored political tactic of hyperbole and exaggeration.
Under the proposal, $114 million in public support would be provided. The 49ers would contribute $493 million, an amount much higher than the portions shouldered in recent years by teams like the Colts ($100 million), the Cardinals ($143 million), and the Broncos ($143 million). The remaining $330 million would come from the stadium authority, which will raise the money via Personal Seat Licenses, concessions, and naming rights.
It’s believed in some circles that the Santa Clara project ultimately won’t be viable unless the 49ers and the Raiders share the facility. It’s also believed that the Raiders strongly prefer sharing a facility in Oakland.
Either way, the vote is going forward on June 8. A positive outcome doesn’t guarantee that the stadium will be built. If the “nays” win, it’s pretty much dead.