49ers, Santa Clara County settle lawsuit
SANTA CLARA, Calif. (KGO) -- The San Francisco 49ers and Santa Clara County settled a lawsuit late Thursday over funding for the team's new stadium, meaning construction should go forward without a hitch.
The team and the county agreed to share the $30 million in redevelopment funds seized by a county oversight committee for public education. The money had been earmarked to help pay for the $1 billion stadium project.
Under the settlement, the county school district will get $7 million, enough to balance its budget and avoid teacher layoffs.
The 49ers will get about $23 million over the next five years.
san francisco 49ers, santa clara, real estate, nfl
- Wounded police officer back in surgery 44 min ago
- Amber Alert canceled for child from Long Beach
- Officials investigating acid spill at Tesoro refinery
- Conn. shooter's dad: 'You can't get any more evil'
- Drought prompts officials to release water in Delta
- Tuolumne County man found guilty in I-580 shooting
- 6.9 earthquake rattles Northern California
- Man gets prison time in laser-pointer case
- Bill introduced to have utilities develop security plan
- Local entrepreneur facing domestic violence charges
- Petaluma police searching for suspected drive-thru thief
- Warriors give Oakland High School students 3D printer 9 min ago
- weather: Bay Area weather forecast for Tuesday
- roundup: Tesoro chemical spill; SOMA fire 45 min ago