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1972 – 50 years of service to the commercial industrial retail real estate industry – 2022.


February 4, 2011

Yesterday, more than 100 people crowded a State Capitol hearing room to tell members of the Senate Budget and Fiscal Review Subcommittee #4 that local redevelopment should not be eliminated, and in fact, “is the best way to create jobs.” The Redevelopment Association has provided the following synopsis of the hearing:

“The hearing agenda covered various items in the Governor’s proposal, including the redevelopment elimination components. They heard the redevelopment proposal first. Draft legislative bill language is still not available. Nevertheless, local government representatives provided testimony detailing the benefits of redevelopment in small and large communities throughout California, including the Central Valley, Los Angeles, Sonoma and Napa Counties, and the Northern Sacramento Valley. They talked about the jobs supported, downtowns revitalized, affordable housing built, and matching funds and other resources, which provided key school and public safety improvements.

“Earlier this week, the Department of Finance posted spot bill language for two measures related to the Administration’s proposed elimination of redevelopment – click here to find these documents. You will not find the Department of Finance and the Governor’s plan and proposed details to dismantle the only economic development tool in the state – redevelopment. It comes as no surprise to CRA members that this proposal is not only constitutionally questionable, it is technically difficult — if not impossible — to craft. The Administration has two weeks to introduce legislation that outlines the dismantlement of redevelopment (by February 18) and 30-45 days to get the agreement to a 2011-12 State Budget package. Keep the pressure up!”

Posted In Budget

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