BCN—Santa Clara officials overseeing the planned new stadium for the San Francisco 49ers approved more than $400 million in future ticket agreements for the stadium's 2014 opening and are continuing to work with the National Football League about the team's bid to host the Super Bowl in 2016, a spokesman said.
The city's Stadium Authority Board, made up of the town's mayor and city council members, Tuesday executed license agreements with buyers of almost 46,000 seats in the 68,500-seat stadium project set to open in August 2014, city spokesman Dan Beerman said.
The licenses sold so far represent $403 million in fees that will eventually help the city service about $850 million in construction loans to build the $1.2 billion Santa Clara Stadium, Beerman said.
The fee revenues come from sales of stadium builder licenses—also known as personal seat licenses—that cost from $2,000 for a reserved seat to up to $80,000 for one in the exclusive Club Level section, according to a city staff report.
The authority's approved vendor, Legends Premium Sales LLC, has sold licenses to almost 6,800 club seats and around 39,000 reserved seats, city officials reported.