Real Estate/Development
Feb. 24, 2014
Rialto finds new funding model to enable repairs
More than two years since the state abolished local redevelopment agencies as a cost saving tool amid its financial crisis, cities across California are turning to increasingly creative financing solutions to fund important projects.
Daily Journal Staff Writer
City officials in Rialto believed they were headed toward a water and wastewater crisis. The city's infrastructure was aging to the point that it was being held together "with Band-Aids," said Water Superintendent Pete Fox. Because of the state's dissolution of redevelopment agencies, he said, there was no immediate funding available to update it.
Municipal leaders said they took mat...
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