Real Estate/Development,
Government,
Administrative/Regulatory
Oct. 6, 2015
A true 'redevelopment replacement'
Since the demise of redevelopment in 2012 and the assurance of a "replacement" by Gov. Brown, many bills have attempted to create "Redevelopment 2.0" but have been vetoed or died on Senate floor.
Since the demise of redevelopment in 2012, and the assurance of a "replacement" by Gov. Jerry Brown, several bills have attempted to create a "Redevelopment 2.0," but have either been vetoed or died on the Senate floor.
The Community Revitalization and Investment Authority Law (Assembly Bill 2), authored by Assemblymember Luis Alejo and signed by Brown on Sept. 22, appears to be a true "redevelopment replacement." It will allow a city,...
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