SAN FRANCISCO -- The San Francisco 49ers ended negotiations with the city about building a new stadium and plan to move to Santa Clara or somewhere else in California, The Associated Press learned Wednesday night.
Owner John York notified Mayor Gavin Newsom of the team's decision earlier Wednesday, a city official close to the negotiations told the AP on condition of anonymity because no announcement had been made.
Team spokesman Aaron Salkin declined to comment Wednesday night. Phone messages left on the office and cell phone of Lisa Lang, the 49ers' vice president for communications, were not immediately returned.
The sides had been talking over the past few months about building a privately financed stadium at Candlestick Point that was going to be part of the city's bid for the 2016 Summer Olympics.
The team's lease at Candlestick runs through the 2008 season, and the team holds three five-year options that could extend it through 2023.
The stadium at Candlestick is one of the most run-down in the NFL, leading the team's desire to seek a new stadium with revenue-generating suites and luxury boxes. The plan to build a stadium also included public housing, retail and office space.
The city was not going to contribute any money to the stadium but was willing to possibly help with infrastructure costs.
I'm just glad Peerless Price is no longer the highest paid player on the Falcons roster. Price has done nothing to add to the Falcons and very often drops passes. As for the deal, good news. I'm just wondering how fast he's going to be at 33?