As we have previously reported (Fate of Redevelopment Remains in Limbo), the bills to eliminate redevelopment agencies have languished due to Republican opposition. With so many redevelopment agencies scrambling to use or secure redevelopment funds in an effort to protect them from being taken by Sacramento and with shortfalls in property tax revenues due to declining property values, redevelopment agencies are no longer as tempting a target for bridging the State’s budgetary shortfall.
While redevelopment agencies may survive this budget cycle, the fight over their ...
I presented an update on eminent domain/redevelopment issues making their way through the legislature at this week's IRWA Chapter 67 (Orange County) monthly meeting, and I've received a few follow-up requests for more information. So I decided it was probably worthwhile to put all the information here on the Nossaman blog.
If Gov. Brown wins, plans for sports venues in Escondido and San Diego lose. So ran a headline on the Los Angeles Times' blog earlier this year. The article noted if the governor were successful in abolishing redevelopment agencies, it could kill plans for a minor-league baseball park in Escondido and a new football stadium for the Chargers in downtown San Diego. Any new stadium for the A’s, either in Oakland or San Jose, could experience some similar fate.
With SB 77 falling 1 vote short of the requisite 2/3 majority in the Assembly, and traction being gained by the California ...
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