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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

REDEVELOPMENT REFORM BILL INTRODUCED

April 29, 2011

The battle for elimination of California Redevelopment has been a bit quiet lately. The Governor’s proposal for complete elimination of this funding was met with stiff resistance by a broad coalition of local agencies, labor, business, affordable housing advocates, and even some environmentalists. Unable to get the votes for elimination in either Chamber, stakeholders have been working to design a change in law that would “mend” but not “end” the program.

To that end, SB 286 by Senator Rod Wright (D-Los Angeles) has been amended to include a comprehensive package of redevelopment reform measures proposed by the CA Redevelopment Association members.

The reform measures include adding specificity to the types of information needed for making findings of blight; limit the percentage of total land area of a jurisdiction which may be included in project areas; exclude the schools share of property taxes in new project areas formed after January 1, 2012; prohibit uses of tax increment for specific purposes such as golf courses and professional sports facilities without voter approval; add new requirements to five-year implementation plans and require agencies to focus activities on state priorities such as job creation, cleaning up contaminated property, basic infrastructure needs, and affordable housing; provide for more public oversight; require development of performance indicators to measure agency success; require performance audits of agencies by the State Auditor and provide funds for those reviews; and specifically prohibit the use of tax increment for non-redevelopment, non-agency operating costs.

We strongly support the Redevelopment program in California and will actively work with CRA and Senator Wright to push for reform – and continuation – of Redevelopment in California. If you want to express your support for this measure click here to contact legislators directly by using the CAPWIZ tool on the CRA website.

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