Santa Clara Gives Thumbs-Up To 49ers' New $1B Stadium

Law360, New York (February 15, 2012, 3:31 PM EST) -- The San Francisco 49ers cleared a major hurdle to the construction of their new Santa Clara, Calif., stadium Tuesday night, when the city council voted 5-1 to approve an $878.6 million development contract for the venue with a joint venture between Turner Construction Co. and Devcon Construction Inc.

The Santa Clara city council approved several resolutions that will make it possible for Turner-Devcon to begin construction on the $1 billion stadium in July and complete it before the start of the 2014 football season. In connection...
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