The numbers are in, and the proposed stadium subsidy adds up to be a big fat loser for the city of Santa Clara. The city's General Fund would lose $111 million in cash, lost revenues and opportunity costs. To see where all that money goes, check out this presentation.
You will see that NFL events will provide no financial benefits to the city. In fact, in this proposal, the City would have to subsidize NFL events with revenue from non-NFL events. Rather than enriching a for-profit enterprise, let's focus on the needs of real Santa Clarans.We can do better than this. We must do better than this.