Monday, October 8, 2007

Newsom's Insurance Policy

Fourth and Hail Mary

... And Mayor Gavin Newsom taps Former 49ers President Carmen Policy to lead the city's effort to keep the 49ers from exiting for the South Bay - bringing the veteran football executive's long journey to build a stadium in San Francisco full circle.

Policy headed the $100 million bond measure drive in 1997 that would have helped pay for a stadium at Candlestick Point. The voters approved it, but the stadium never got built.

"I consider it unfinished business."
Newsom says Carmen will serve as San Francisco's go-between with the Niners and the National Football League. He will also help lead a referendum headed for the ballot next June to allow construction of a stadium at Hunters Point, along with a housing and retail development at neighboring Candlestick Point.

"I'm absolutely thrilled Carmen will be joining our team. His track record speaks for itself."
While Policy will be reporting to the mayor's office, Lennar Corp. - which is behind the stadium and Candlestick developments - will be footing the bill for his work as well as for the ballot referendum.

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