Friday, February 3, 2012

California redevelopment agencies

  • More than 400 redevelopment agencies were officially shuttered yesterday, leaving a trail of uncertainty - and a potentially staggering debt load.
  • (Huffington Post)
  • Feb. 3 (Bloomberg) -- Hercules, California, had the debt of the city's redevelopment arm lowered five levels, one day after the state dissolved it and more than 400 other such agencies.
  • (Businessweek)
  • (Updates with governor's appointees to manage closings of four redevelopment agencies in sixth paragraph.) Feb.
  • (Businessweek)
  • Californias redevelopment agencies officially are out of business, effective today. But that doesnt mean that the future of affordable housing is wiped out in the state.
  • (Sacramento Bee)
  • If you take out that puzzle piece, you're back at square one." While 425 redevelopment agencies throughout California have been dissolved, several cities in Los Angeles County have banded together to fight back.
  • (Neon Tommy)
  • As of Wednesday, California redevelopment agencies are no more. The agencies use a portion of property taxes to improve blighted neighborhoods. Last year, lawmakers voted to end RDAs and shift the money to the general budget.
  • (
  • The gist: In late December, the California Supreme Court upheld legislation that ended a roughly 60-year-old program intended to combat blight. As a result, more than 400 redevelopment agencies are slated to dissolve by tomorrow.
  • (KXTV News10Net)
  • Oakley council members recently approved an updated list of the debts incurred by the citys former redevelopment agency.
  • (San Jose Mercury News)
  • Woodlands multiplex theater project is now dead in the water as Wednesday saw the disintegration of Californias redevelopment agencies across the board.
  • (Woodland Daily Democrat)
  • As California cities shut down their redevelopment agencies after losing a war for survival with the state, the battlefield assessment has begun. The casualties are extensive. Layoff notices went out in advance of the Feb.
  • (Inside Bay Area)

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