Monterey County, which owns the track, signed a long-term concession agreement with the non-profit organisation Friends of Laguna Seca (FLS) in July last year to secure its long-term financial future.
On 12 December last year, a group called the Highway 68 Coalition filed a lawsuit against Monterey County, the Monterey County Board of Supervisors and the Friends of Laguna Seca, alleging nuisance issues for local residents, including increased noise and traffic, during its use on race weekends and track days.
The execution of a comprehensive settlement that was announced on Friday puts an end to the Laguna Seca Raceway lawsuit, Highway 68 Coalition vs County of Monterey.
"We view this as a very favourable resolution for the County and its long-term partner at Laguna Seca, the nonprofit organisation Friends of Laguna Seca," said Nick Pasculli, county communications director.
"The future of the track and the amazing recreation area, which is a premier County Park, is bright. Laguna Seca is loved by local, national, and global car enthusiasts and also by the tens of thousands of people who enjoy the beauty of the recreation area."
The settlement sheds light on the “long-term plans of Friends of Laguna Seca to conduct a previously planned sound impact assessment at the racetrack and carry out appropriate sound mitigation measures, all as part of being a good neighbour to the surrounding community.”
Source: Autosport