Joe Montana Plan For Santa Clara Hotel Complex Faces Hurdle
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SANTA CLARA (KCBS) –San Francisco 49ers great Joe Montana was scheduled to appear before the Santa Clara City Council Tuesday to pitch a luxury hotel plan for a lot adjacent to the proposed new stadium after the city manager suggested sacking the legendary quarterback’s proposal.
Montana and his business partners, which include former 49ers owner Eddie DeBartolo Jr., are seeking an 18-month exclusive negotiating agreement to complete a deal for a luxury hotel, sports bar and restaurant on seven acres at Tasman Drive near the planned 49ers stadium.
But Santa Clara City Manager Jennifer Sparacino said everyone should be allowed to bid on the land even if that prompts Montana to walk away.
Mayor Jamie Matthews said he still likes Montana’s proposal.
KCBS’ Chris Filippi Reports:
“It’ll be fully funded,” he said. “There won’t be any city subsidies whatsoever, so it will be nothing but a cash cow for the city.”
Vice Mayor Patricia Mahan said she’s reserving judgment for now, saying that Montana coming forward so early indicates there could be a lot of interest from developers.
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