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.READ MORE: Downsized But Not Out, Dreamforce Conference Set to Boost Business in San Francisco
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.READ MORE: Emmy Awards: 'The Crown' Dominates with Seven Wins
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.MORE NEWS: Flames Reach Ancient Sequoias; Crews in Pitched Battle to Save Giant Forest Grove
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