Pricetag On New SF 49ers Stadium Jumps To $1.3 Billion
SANTA CLARA (CBS/AP) -- The San Francisco 49ers said the team will spend another $100 million to install tech features and "enhance the fan experience" at its new Silicon Valley stadium.
Team officials said the 8 percent spending increase will raise the cost of the Levi's Stadium in Santa Clara to $1.3 billion, about $336 million more than they projected three years ago.
Executives indicated that the team decided to increase spending after NFL owners voted to allow the region to host the 50th Superbowl at Levi's Stadium in 2016.
Sales of luxury boxes, seat licenses and naming rights have already surpassed $1 billion.
The 49ers are expected to move from Candlestick Park to the new Levi's Stadium for the 2014 season.
(Copyright 2013 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
