After being on hold since its approval in June 2010 it looks like the San Francisco 49ers new stadium is finally moving forward. On Friday the team announced it had secured financing for the $1 billion project, located next to Great America theme park in downtown Santa Clara. According to the San Jose Mercury News the money is coming from Goldman Sachs, U.S. Bank, and Bank of America. The 68,500-seat stadium, designed by HNTB, will get fans closer to the field by replacing the traditional tiered bowl with a tower of suites and club spaces on its west side. Openings in the stadium will allow for exposed pedestrian plazas as well as views into and out of the building. It is one of several now being proposed for the state, as we reported a few months ago. But it’s the first to actually move ahead. With design already drawn up construction could start as soon as the middle of next year.
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