49ers, Santa Clara County settle lawsuit

August 10, 2012 12:21:08 AM PDT
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.