Santa Clara officials to meet over redevelopment funds

February 20, 2011 5:30:53 PM PST
Santa Clara officials will meet Tuesday night to formally ask the governor not to take the city's redevelopment money.

The city is concerned the governor may yank up to $40 million already promised for a new 49er stadium next to the Great America theme park. The governor recently proposed disbanding all redevelopment agencies in the state as a way to help close a 25 billion budget deficit.

Without the money, city leaders have no other public money to tap for the project and would have to turn to private sources.

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