The Newport Beach City Council on Tuesday settled its lawsuits with Irvine over a developing residential complex near the city border.
In a closed session, the city reached a $3.65-million settlement over the Irvine Business Complex, near John Wayne Airport.
The money, which Newport Beach shall receive within 20 days, will go toward widening Jamboree Road near the 405 Freeway.
Newport Beach is counting on that corridor to expand with traffic as Irvine’s project, which will include about 15,000 residential units, is completed.
“We are keeping faith with Newport residents who have been impacted by Irvine’s increased development and densities along the Jamboree Corridor,” said Councilwoman Leslie Daigle.