Love it or hate it, redevelopment’s impacts on communities are being mitigated by a state-grab of its $1.7 billion dollars. Should they survive on a court decision or choose to operate under the new system established on Tuesday, projects such as the K Street corridor are now in jeopardy.
Until now, perhaps.
Gov. Jerry Brown signed legislation Wednesday that blows a $1.7 billion hole in cities and counties’ redevelopment programs. It eliminates the state’s 400 redevelopment agencies, although it creates a mechanism allowing them to survive with less money.
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