Letter From Rich Solis

If we could only turn back the clock.

It seems like every time you turn around we learn more details about the cost of the stadium that quite frankly we as residents should be very concerned about.

Now we learn that the stadium authority will most likely carry at a minimum more than $320,000,000 of long term debt which, added to the debt owed to the Forty Niners for the advances, means a long term debt to the city could and will exceed $380,000,000.

The scary part is this is just a guess, more than likely this number could go higher.

Long term debt of this magnitude will definitely create a situation where any so called profits will be non existent.

If memory serves I can’t recall any serious discussions about this type of massive debt.

Can someone remind me why the city went forward with this deal.