NFL franchise the San Francisco 49ers has secured a $120m (£97.2m/€110.5m) loan from the League’s stadium fund to conduct upgrades at Levi’s Stadium.
The funds will initially be directed towards renovating Levi’s Stadium’s suites, with the venue set to enter its 10th year of operations in 2024. The 49ers are also looking into other uses for the funding, including video boards, that would enhance the fan experience.
All renovated suites will be available in either 2024 or 2025, with Levi’s Stadium gearing up for a potentially significant year of major events in 2026. In June, Levi’s Stadium was selected as one of 11 US venues for the 2026 FIFA World Cup, which the United States is co-hosting with Canada and Mexico.
The 49ers are also bidding to host Super Bowl LX, 10 years on from Levi’s Stadium’s last staging of the showpiece game in 2016.
The 49ers secured the funding after a vote to approve its VTS Waiver passed during this week’s NFL owners’ meetings. The visiting team share (VTS) waiver program is part of the NFL’s long standing history of contributing to team infrastructure projects, including the G-3 and G-4 stadium programs.
Commenting on the team’s plans, a 49ers spokesperson told TheStadiumBusiness.com: “The 49ers are excited to continue to invest in upgrades at Levi’s Stadium to enhance the fan experience.
“From introducing the member-inclusive menu to our season ticket members in 2021 to renovating our suites in 2024-25, we will continue to innovate to keep our fan experience world-class.”