Santa Clara County raises fairness concerns over Earthquakes’ new training facility, public fields at fairgrounds

Santa Clara County raises fairness concerns over Earthquakes’ new training facility, public fields at fairgrounds

2 months ago
Anonymous $Uu1e96lHBL

https://www.siliconvalley.com/2024/11/06/san-jose-santa-clara-county-earthquakes-training-facility/

The Santa Clara County Board of Supervisors has raised concerns about the proposed financial terms with the San Jose Earthquakes that could allow the MLS franchise to build a 35,000-square foot state-of-the-art training facility and four public soccer fields on 26 undeveloped acres at the county fairgrounds.

Under the non-binding term sheet up for discussion Tuesday, the Earthquakes were considering an initial 25-year ground lease with options for 10-year extensions that will pay the county $240,000 in year one with rental payments increasing by 2.55% each succeeding year, equating to $8.25 million over the initial period.

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