A battle over a six-acre piece of prime oceanfront property in Long Beach has come to an end, paving the way for a development project at the site.

Anyone who knows about Long Beach knows about the Superblock property -- and how it has long sat vacant. The property is located on Long Beach and Riverside boulevards.

"It's kind of an eyesore right now," says Justine Hagedom, of Long Beach.

The property has been vacant for decades because of lawsuits. On Friday, city officials announced that iStar Financial, the site's previous developer who was planning to construct buildings, agreed to settle a lawsuit that could have cost taxpayers $100 million.

The move now paves the way for current developer Engel Burman Group to start building hundreds of apartments and condos as well as a restaurant on the property.

"This is about as good as an outcome as the residents of Long Beach could have hoped for," says Long Beach City Council President Joe Bendo.

Burman received a tax break from the Nassau Industrial Development Agency. In addition, the developer will get a credit on the first $2.5 million in permit fees because the city already received that money from iStar.

"Permits are a very big part of a development, and a big development like this could theoretically mean millions for the city," says government watchdog Roy Lester, of Long Beach.

Bendo says the credit is more than fair to get the other benefits the city is getting out of this.