21 May 2008

San Jose approves soccer stadium plan

Last night the San Jose City Council approved the first part of the Earthquakes' stadium development plan. The stadium/hotel/office/retail project will be built on the old FMC property west of Mineta San Jose International Airport, along Coleman Avenue. Financing the stadium is still tied to the second part of the project, a residential development at the iStar property in San Jose. There's an interesting admission by one SJ official:
Paul Krutko, the city's economic development director, said the hotel, retail and office project would go through regardless of whether a stadium gets built.
I'm off to the businessperson's special.