Frisco may lose $5M on the Super Bowl

[El Supremo]

San Francisco may seek to renegotiate Super Bowl contract over costs

SAN FRANCISCO (Reuters) - Legislation will be introduced in San Francisco's City Council next week demanding that the city renegotiate its contact with the National Football League for hosting Super Bowl 50 due to rising costs, a city superintendent said.

The move stems from a budget and legislative analyst report last week warning that taxpayers could be on the hook for nearly $5 million in expenses associated with securing public events leading up to the game, unwelcome news to a city already facing a $100 million budget deficit.

San Francisco Mayor Ed Lee's office previously estimated the cost to the city at between $3.5 million and $4 million.

San Francisco-based attractions include concerts at Super Bowl City on the scenic embarcadero and NFL Experience, an interactive football-themed park at a downtown convention center....

http://news.yahoo.com/san-francisco-may-seek-renegotiate-super-bowl-contract-204505407--nfl.html

Ah, California!

[KamaAina]

1. Huh? A suburb of Dallas bet $5 million that the Cowpies would make it?

[madinmaryland]

2. Dude. Santa Clara is where the Super Bowl is played. Why does Frisco mentioned??

[El Supremo]

3. ...

[bluedigger]

4. You don't renegotiate a contract a month before it executes.

This would just be extortion. If the city tries it I hope they never get another championship event.