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


September 9, 2011

As we’ve previously reported, the California State Supreme Court agreed in August to consider the petition by the League of California Cities and California Redevelopment Association seeking to overturn state budget bills AB1x 26&27. These budget bills call for the elimination of local redevelopment agencies unless the agencies agree to make a “ransom” payment to the State every year.

The State of California’s deadline to reply is today, September 9th, and the Court has called for an expedited briefing schedule for all parties and is expected to hear oral arguments later this fall. The Court has also said it plans to rule on the merits of the case by year’s end. For more information on the lawsuit, click here.

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