The San Francisco 49ers last paid the City’s general fund only about $9,000 in 2018.
The website uses official court and Stadium Authority documents to make its case.
There’s an “Exhibit J” that was a court document. It was created by the financial consulting firm Keysar Marston hired by the City.
Exhibit J shows that the non-NFL event income was projected to be $44 million from the stadium’s opening year to the present.
But only $11 million has been received by the City’s general fund.
The $33 million difference is the “Stadium Debt.”
Visit www.stadiumdebt.com to view and download all the Stadium Authority budget documents.
We knew the team with the 49er Five were screwing the City, we just didn’t see clearly how much until now.