YouTube has agreed to pay $24.5 million to settle a lawsuit filed by President Donald Trump for suspending his channel in 2021, following the Jan. 6 riots. This is the third tech platform, after Meta's Facebook and X, to settle with the president. File Photo by Pixelkult/Pixabay

Sept. 29 (UPI) -- YouTube has agreed to pay $24.5 million, toward the construction of a new White House ballroom, to settle a lawsuit by President Donald Trump for suspending his channel in 2021 following the Jan. 6, riots.

The online video platform, owned by Alphabet, will pay $22 million from the settlement to the nonprofit Trust for the National Mall, which is "dedicated to restoring, preserving and elevating the National Mall, to support the construction of the White House State Ballroom," according to court documents. The ballroom is estimated to cost $200 million, according to the White House.

The other $2.5 million from YouTube's settlement will go to other plaintiffs, including the nonprofit American Conservative Union.

YouTube is the third tech platform to settle with Trump, who also settled with Meta and Twitter for banning his accounts in 2021. Trump settled with Meta for $25 million and with Twitter, renamed X, for $10 million.