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SBD/August 10, 2012/Facilities
NFL Facility Notes: Land Secured For Proposed L.A.-Area Stadium
Published August 10, 2012
SHARING IS CARING: In San Jose, Mike Rosenberg reports the 49ers and local education leaders on Thursday “agreed to share millions of dollars dedicated for the team's new stadium to stave off classroom cuts.” The deal will “settle a lawsuit that the 49ers filed against a Santa Clara County oversight board that shell-shocked Silicon Valley in June by seizing redevelopment money voters earmarked for the $1.2 billion stadium and giving it to schools.” Now, stadium construction “can continue at full speed, though the 49ers will have to wait longer to get their money.” The agreement lets the Santa Clara Unified School District “balance its budget -- avoiding teacher layoffs -- by taking in more than $7 million over the next three years from the pot of property tax money previously earmarked for the stadium” (SAN JOSE MERCURY NEWS, 8/10).
COURT REPORT: In Newark, Myles Ma reported Superior Court Judge Peter Doyne Thursday “dismissed” the lawsuit between the NFL Giants and Jets, and Triple Five, the developer of the American Dream project at the Meadowlands. Doyne said in his ruling that the teams “may take up their lawsuit again at a later point.” The Jets and Giants sued after Triple Five “expanded its plans for the site to include amusement and water parks.” The two teams “may take up their lawsuit again once if the [New Jersey Sports & Exposition Authority] approves those plans, Doyne said in his ruling.” Meanwhile, Triple Five said that it was “willing to collaborate with the teams after learning of the ruling” (NJ.com, 8/9).