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Loading ...The future is bright for Major League Soccer’s San Jose Earthquakes, who have managed to land a new stadium. The Earthquakes reached an agreement with city officials on construction of a $132-million, 18,000 seat soccer stadium near the San Jose airport. The city council will vote on the deal next month and approval is believed to be a formality.
Pending formal approval from the San Jose city council next month, Lew Wolff, the owner of Major League Soccer’s Earthquakes franchise, has reached a financial agreement with city officials on a $132 million deal that sets the stage for a stadium as early as 2010, according to a report in the San Jose Mercury News.
“If and when we pull it off, it is going to make me feel – well, at my age, that would be a great accomplishment,” the 72-year-old Wolff told the Mercury News. “It would cap off a long time of development in San Jose.”
According to terms of the deal, Wolff and his partners would pay $132 million for 66 acres with about 18 of those being set aside for the 18,000-seat soccer stadium and parking. The city bought the land in 2005 for $81 million.
Source & Full Article: Seattle Post Intelligencer
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