September 15, 2014
SANTA CLARA, Calif. (AP) - The San Francisco 49ers say the team will spend another $100 million to install tech features and "enhance the fan experience" at its new Silicon Valley stadium.
Team officials said Friday the 8 percent spending increase will raise the cost of the Levi's Stadium in Santa Clara to $1.3 billion, about $336 million more than they projected three years ago.
Executives say the team decided to increase spending after NFL owners voted to allow the region to host the 50th Superbowl at Levi's Stadium in 2016.
The San Jose Mercury News reports that sales of luxury boxes, seat licenses and naming rights have already surpassed $1 billion.
The 49ers are expected to move from Candlestick Park to the new Levi's Stadium for the 2014 season.
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