California continues its process of dismantling its redevelopment infrastructure. The state's redevelopment agencies disappeared on February 1, 2012, and today marks another key milestone. May 1 is the deadline for the creation of the Oversight Boards that will watch over the Successor Agencies as they dispose of redevelopment assets.
What does this mean? In many cases, nothing particularly significant. Oversight Boards have been empanelled for many Successor Agencies before today, and even once empanelled, there is no guarantee that anything will happen immediately. But ...
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