Redevelopment
L.A. School District Wins Pass-Through Payment Dispute
Submitted by Paul Shigley on 9 February 2010 - 11:38amCounties and cities must let go of another share of property tax revenues to school districts under the redevelopment law’s distribution of the property tax increment.
Developers' Challenge To L.A. Design Guidelines Fails
Submitted by Paul Shigley on 26 January 2010 - 3:05pmA state appellate court has upheld the adoption of design guidelines that are intended to implement a City of Los Angeles redevelopment plan.
State Takes $2 Billion From Redevelopment
Submitted by Paul Shigley on 30 July 2009 - 10:51amBy shifting $1.7 billion from redevelopment agencies to state programs and schools, the state budget signed this week by Gov. Schwarzenegger could halt numerous redevelopment projects for years to come, according to the agencies and housing proponents. The tax increment shift could also mean the end for some redevelopment agencies.
Horse Racing's Decline May Be Cities' Infill Opportunity
Submitted by Paul Shigley on 1 June 2009 - 9:18amNo fewer than four of California's once-proud of racetracks have entered some form of bankruptcy, redevelopment, or uncertainty. With attendance and handle down at California tracks – as at tracks across the country – rare opportunities are emerging to redevelop outsized parcels that sit amid heavily urbanized areas. Thanks in part to competition from off-track betting and Indian casinos as well as nationwide trends, Bay Meadows Racetrack in San Mateo has already been demolished, and Inglewood’s Hollywood Park could cease racing operations and face demolition as early as August.
CRA Wins Lawsuit, But Money Issues Still Unresolved
Submitted by Paul Shigley on 20 May 2009 - 3:00pmWith the State of California again facing financial calamity, the fight in Sacramento over tapping the revenues of local redevelopment agencies to fund schools is likely to intensify. Among the latest developments are a Sacramento County Superior Court ruling blocking implementation of a portion of a 2008 law requiring redevelopment agencies to transfer $350 million in tax increment revenue to schools, and a state controller’s office report that says more than one-quarter of redevelopment agencies face sanctions for being out of compliance for their pass-through payments to schools.
Lawsuit Over National City Eminent Domain Authority Reinstated
Submitted by Paul Shigley on 26 February 2009 - 1:59pmA lawsuit challenging National City’s updated blight findings and extended eminent domain authority for about 700 parcels in a redevelopment project area has been reinstated after a trial court judge threw out the suit on procedural grounds.
Redevelopment Extension In The Works?
Submitted by Paul Shigley on 23 December 2008 - 12:25pmProposals to extend the life of redevelopment project areas for as long as 40 years continue to float around the state Capitol as part of a budget-balancing package. Meanwhile, the City of Industry, a likely proponent of the redevelopment extension, is moving ahead with a $500 million infrastructure bond to assist a football stadium.
Stadium Could Replace Dead Chula Vista Bayfront Project
Submitted by Paul Shigley on 18 November 2008 - 3:42pmA proposed 400,000-square-foot convention center and 2,000-room resort hotel that was supposed to anchor the redevelopment of Chula Vista’s waterfront is dead, but the demise of the convention center and hotel could open up the site to potential development of a San Diego Chargers football stadium. The Chargers have been seeking a location for a stadium and related commercial development and have considered two other sites in Chula Vista.
Marina Approves Huge Subsidies to Restart Key Project
Submitted by Robin Andersen on 1 October 2008 - 2:03pmFaced with the potential demise of a highly anticipated 430-acre commercial and residential project, the City of Marina has added more than $80 million worth of subsidies and incentives to a deal with developers. In the recently approved deal, the city also reduced the developer’s workforce housing obligations and agreed to cover half of water connection fees.
State Finds Redevelopment Accounting Mess
Submitted by Paul Shigley on 20 May 2008 - 9:13amIn a follow-up to a report issued last year, the state controller’s office has determined that K-12 school districts understated the amount of pass-through payments received from redevelopment agencies by $105 million in the 2005-06 fiscal year, and community college districts underreported by $8.2 million. The errors caused the state to backfill $17.8 million to K-12 districts and $3.9 million to the colleges that the state did not owe.