Pressed by the uncertain future of redevelopment, Santa Clara is set to move the 49ers stadium project forward by making two major actions this Tuesday:

• “Memorialize” the terms of the stadium development agreement. This would effectively put the deal under contract and allow the City to start raising the initial $40 million for the project.
• Create the quasi-public Stadium Authority that would be responsible for getting loans/bonds for $330 million needed to finish the stadium.

The article by the Merc’s Lisa Fernandez has the scoop. Despite bullet #1 above, there remains a chance that a wholesale shutdown of RDA activities could render Santa Clara incapable of raising the money. That seems unlikely given the gaps in budget proposals among the State Senate, Assembly, and the Governor – at least as it relates to redevelopment in general. Should that shutdown occur it could be up to the 49ers to raise the money, for which they were going to provide a partial advance to the RDA anyway.