California’s Redevelopment Agencies Play the Waiting Game

Newsletter, West
Monday, January 30, 2012

Curbed LA's image, above, of what downtown LA would look like without the CRA (Dando Guerra)

Right now California’s doomed redevelopment agencies have one hope, and its name is SB 659, a bill proposed in the California legislature to postpone dissolution of the agencies until April 15. The bill will allow the agencies to “address serious issues resulting from the recent state court’s ruling,” as bill sponsor Sen. Alex Padilla puts it. Those issues range from paying off bond debts to orchestrating layoffs to transferring assets and responsibilities to successor agencies. Without the bill, most say there will be chaos.

Read an full update to the demise of California’s redevelopment agencies here.

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