Redevelopment Funds Take a Hard Hit in California

More than $2 billion has been cut from redevelopment programs in California's budget, which many say will exacerbate the building slowdown in the state.

"But a $2.1 billion cut to redevelopment funds-$1.7 billion for the current fiscal year, plus $350 million to be cut next year-will have a major impact on the design and construction industries, and could be the deciding factor in whether projects, both stalled and shovel-ready, go forward. To make matters worse, opponents of the cuts believe that delays will deepen the recession, further depressing development prospects."

Architects are expected to feel the pain, as projects stall and new project dry up.

Full Story: California Nightmare

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00