49ers, Santa Clara County Reach Deal Over Disputed $30M In Stadium Funds

SANTA CLARA (CBS /AP) – The San Francisco 49ers appear to have reached a deal over $30 million in voter-approved funding for their new stadium in Santa Clara that was unexpectedly yanked by county officials in June.

The Santa Clara County officials said they would rather spend the money on schools.

Under a deal reached Thursday, the Santa Clara Unified School District and other agencies will get about half of the money they wanted. The 49ers, meanwhile, will get the full $30 million although not as quickly as they had hoped.

KCBS’ Matt Bigler Reports:

The settlement must still be approved by county officials and a judge overseeing a lawsuit filed by the 49ers. But construction, which has already begun, can continue to proceed at full speed.

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS San Francisco

Get The New CBS SF Bay Area Local App
Got Our Weather App?

Listen Live