info@3gfund.com     |     +1-415-986-8888     |    Client Login »

Redevelopment is still important without agency

SF Examiner
Jan. 22nd, 2012

When the California Supreme Court on Dec. 29 upheld Gov. Jerry Brown’s elimination of redevelopment agencies across the state, there was rejoicing among some property rights advocates. They have decried the abuse of redevelopment by officials using eminent domain to bulldoze people’s homes to make way for shopping malls, theme parks, stadiums, waterfront development and other crony capitalist deals.

But while there have been abuses, there has also been much good that has come via the redevelopment process, which allows cities to spend a portion of local tax dollars on local public improvement projects instead of sending it to Sacramento and hoping some of it will come back to provide some kind of benefit.

READ MORE »

Tags: