|
|
Editor's note.(California redevelopment projects)(Editorial)
- Article from:
-
California Planning & Development Report
- Article date:
-
May 1, 2008
- Author:
- Shigley, Paul
|
Copyright informationCOPYRIGHT 2008 California Planning & Development Report. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Redevelopment is big business in California. Four out of five California cities and more than half of the counties have redevelopment agencies, and those agencies pulled in $10.6 billion in total revenue during the 2006-07 fiscal year, according to the state controller's office. That was a 22% revenue increase from the previous year. Agencies reported $26.1 billion worth of long-term debt.
Any enterprise involving that much money is controversial. So it shouldn't be surprising that California's redevelopment wars have raged since the long-ago era when "urban renewal" displaced poor and disenfranchised people for their own good. Urban renewal failed in most places, but ...