LA Votes to Keep CRA

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Wednesday, August 10, 2011
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LA City Council is busy these days. Just one day after approving a downtown football stadium it voted today to approve the CRA/LA Continuation Ordinance, a move that will allow its city redevelopment agency to keep running. As part of the state’s so-called “Voluntary Alternative Redevelopment Program,” the city had to pay $97 million to the state this year, and will need to pay $26.5 million in future years. The program came as a result of state budget bills that would have simultaneously dissolved the state’s CRAs and given them a monetary out. According to Curbed LA, other cities that have opted in so far include Long Beach and Irvine. We’ll wait to see who else antes up.. Meanwhile the California Redevelopment Association’s lawsuit against the legislation is still pending.

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