Perspective
Feb. 2, 2011
Uncertainties Ahead for Some Development Projects
The possible elimination of redevelopment agencies may have long-reaching ramifications. By Paul Rohrer of Manatt, Phelps & Phillips, LLP.
Gov. Jerry Brown's budget proposal includes the elimination of redevelopment agencies so that current uncommitted agency funds and future property tax increment revenues may be diverted from redevelopment to other uses.
If adopted by the California Legislature, the governor's budget proposal would affect property owners and developers who own or are considering owning property in a current redevelopment project area. Of course, ...
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