Santa Clara City Council in the US has finalised the lease, budget and overall terms of the San Francisco 49ers’ stadium project, which is now expected to cost about $1.2bn.
According to the 49ers, building the stadium will cost $29m more than previously projected because of several design modifications.
The design modifications include reconfigured stair towers, an expanded network for mobile phone service and upgrades to the heating, ventilation and air-conditioning systems.
US-based construction firms HNTB and Turner Construction will design and build the stadium.
The new 68,500-seat stadium will be built near the Great America theme park off of Highway 101 and feature open pedestrian plazas, commercial community space and a team store.
The white painted steel structure of the stadium has been designed to allow views of the surrounding Silicon Valley area.
The stadium will incorporate photovoltaic panels, a green roof, public transit access, bicycle parking, walking path access from the San Tomas Creek Trail, water-conserving plumbing fixtures, building control systems and recycled construction materials.
The stadium will have more than 40,000 parking spaces located within a short walking distance and will be anchored on its corners by large entry plazas, creating open gathering places.
The main entry plaza, at the northwest corner of the stadium, will provide views of the playing field as well as a retail and community space.
Upon completion, the stadium will be used for various events, including professional and college-level American football, as well as other sports, concerts and civic events.
As per the lease agreement, the 49ers will pay the city’s Stadium Authority about $30m in annual rent.
Construction is scheduled to begin this summer and finish by autumn 2014.