Thursday, January 12, 2012

"Will Redevelopment Continue in Los Angeles?"

In the wake of the California Supreme Court's recent decision regarding redevelopment agencies, many of those agencies are scrambling to determine how to stay in business.

As I previously wrote, the California Supreme Court upheld a statute eliminating redevelopment agencies. The court basically said that if the legislature has the power to create such agencies, they also have the power to end them. The court also struck down a law that would have allowed redevelopment agencies to stay in business if they transferred large sums of revenue to the state. The court found the law violated a recently enacted initiative that prevents the state from raiding local coffers.

Finish reading this article on KCET.

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