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CALIFORNIA NEWS
Report: 49ers, county reach deal over $30M
Posted: Aug 10, 2012 12:31 PM by Associated Press
SANTA CLARA, Calif. (AP) - The 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.
The San Jose Mercury News reports that 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.
The Mercury News reports that the settlement must still be approved by county officials and a judge overseeing a lawsuit filed by the 49ers. But the newspaper says construction, which has already begun, can now proceed at "full speed."
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