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Two years into the 49ers’ stay in Santa Clara, there’s a dispute about how much rent the team has to pay.
Santa Clara Mayor Lisa Gillmor said the 49ers need to continue paying the full $24.5 million a year in rent that their lease called for from the time they first moved into the stadium two years ago. But the 49ers aren’t paying that. They say a clause in their lease allows them to reset their rent based on changes in revenue and costs, and the 49ers now want to pay $20.25 million a year.
“I’m going to ask the city is made whole for their contractual obligations,” Gillmor said, via the San Jose Mercury News. “It needs to be paid.”
Team spokesman Bob Lange says the 49ers have “made all required lease payments.”
“Even after adjustment, the 49ers will pay rent that is more than two times higher than the next highest rent paid by any of the other 31 NFL teams,” Lange said.
After more than two years of construction, Levi’s Stadium officially opened in 2014. Its total cost was more than $1.2 billion.
Santa Clara, 49ers feuding on Levi’s Stadium rent
Santa Clara Mayor Lisa Gillmor said the 49ers need to continue paying the full $24.5 million a year in rent that their lease called for from the time they first moved into the stadium two years ago. But the 49ers aren’t paying that. They say a clause in their lease allows them to reset their rent based on changes in revenue and costs, and the 49ers now want to pay $20.25 million a year.
“I’m going to ask the city is made whole for their contractual obligations,” Gillmor said, via the San Jose Mercury News. “It needs to be paid.”
Team spokesman Bob Lange says the 49ers have “made all required lease payments.”
“Even after adjustment, the 49ers will pay rent that is more than two times higher than the next highest rent paid by any of the other 31 NFL teams,” Lange said.
After more than two years of construction, Levi’s Stadium officially opened in 2014. Its total cost was more than $1.2 billion.
Santa Clara, 49ers feuding on Levi’s Stadium rent
