Eureka! California Redevelopment Agencies Sue To Save Selves

Newsletter, West
Tuesday, July 19, 2011
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Eureka is right!

As we recently predicted, the California Redevelopment Association and the League of California Cities yesterday filed a lawsuit in the California Supreme Court over the recent passage of bills to eliminate, or at least “ransom” its more than 400 redevelopment agencies. AB 1X 26 eliminates redevelopment agencies while AB 1X 27 allows agencies¬†to exist if they agree to pay their share of $1.7 billion this year and $400 million annually.¬† Read More

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