Real Estate/Development
Mar. 18, 2011
Revised Budget Seeks to Block Redevelopment Transfers
Gov. Jerry Brown continued his power struggle with redevelopment agencies this week, as he introduced last-minute revisions to this year's budget that could void the agencies' 11th hour attempts to keep their funds and assets out of state
Daily Journal Staff Writer
Gov. Jerry Brown escalated his power struggle with redevelopment agencies this week, as he introduced revisions to this year's budget that could void the agencies' 11th hour attempts to keep their funds and assets out of state hands.
The last-minute changes to the budget legislation call for reversing any legally non-binding funding agreements or development deals struck in 2011 by redevelopment...
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