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
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