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Brown Signs Redevelopment Bills; Agencies Ready to Sue

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(Sacramento, CA)
Wednesday, June 29, 2011

One measure eliminates the state's more than 400 redevelopment agencies.  The other sets up an alternate program for agencies that agree to give the state money.  Too much money, says John Shirey with the California Redevelopment Association.  He says unless a court strikes the laws down, many agencies will go out of business - and the ones that survive will barely have any money left.

Shirey: "They will have to stop activity now. They will have to prepare to make payments just in case it doesn't work out in court. So what that means is, projects aren't funded, work comes to a halt and we're gonna see further harm to the California economy."

Actually, redevelopment projects already under way will continue.  But most new ones are in trouble.

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