Pen Sula 360 Press / BCN
Despite the economic disputes between the Santa Clara stadium authorities and the San Francisco 49ers, this Tuesday the team made the rent payment for the facilities, whose annual value is 24 million 762 thousand dollars.
The payment consisted of two rents to the Santa Clara Stadium Authority, one of which had been overdue since September and was the subject of controversy, as well as the one corresponding to the month of October.
The Bay Area team had sought a 20 percent reduction in monthly rent due to closures caused by the COVID-19 pandemic, as well as the cancellation of two preseason games.
However, the city notified the 49ers that the lease provisions do not allow for rent reductions because the cancellations were by the NFL and not the stadium authority.
Just a week ago, the Santa Clara Stadium Authority Board unanimously approved securing at least $2.7 million in unpaid rent.
“After receiving a notice of default and due to the Board’s action, the 49ers paid their rent in full one week later,” Santa Clara Mayor and Stadium Authority Board Chair Lisa M. Gillmor said in a statement.
He added that “the rental of the facilities is a main source of funds to pay the debt p