49ers lose shot at $34 million redevelopment cash

Courtesy RenderingThe 49ers said that the new stadium in Santa Clara is already 20% complete. It doesn't seem losing the funds would make-or-break completion.

A bitter fight over $34 million in redevelopment funding for the new 49ers stadium in Santa Clara could end up being a moot point. While the Niners had argued that the funds were already earmarked for the $1.2 billion stadium project, some residents of the South Bay city wanted to see that money funneled instead into public schools.

However, earlier this month, the California Department of Finance ruled that the stadium project will not be considered an “enforceable obligation” already in the works before the statewide elimination of redevelopment agencies. The agency’s determination was conveyed in a letter sent to Santa Clara’s redevelopment successor agency, which has been overseeing ongoing projects since Gov. Jerry Brown’s successful bid last year to eliminate redevelopment agencies statewide.

The potentially lost funding does not appear to be a make-or-break factor for the stadium, which Niners officials recently said is 20 percent completed. The team has until late November to appeal the decision.

The team is set to leave Candlestick Park and its namesake city following the completion of the 2013 football season.

dschreiber@sfexaminer.com

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