Redevelopment Plans Shaken Up as California Cuts Budget

Urban redevelopment plans to slow or stall in California, as Governor Jerry Brown slashes the budgets of redevelopment agencies in the state.

"'Redevelopment was probably the only thing that most communities had going through the recession,' said John Shirey, who leads the California Redevelopment Association.

But legislators said redevelopment won't die. Although agencies will surrender $1.7 billion in the new fiscal year, they'll lose just $400 million a year in future years, out of an annual budget of $5.5 billion.

'Anybody who's saying this wipes out redevelopment, this ends redevelopment, it's not true,' said Senate President Pro Tem Darrell Steinberg, D-Sacramento."

For cities like Sacramento, projects will have to find new sources of revenue to stay alive. For example, officials had already started trying to find a non-redevelopment source for a proposed new arena.

Full Story: Urban renewal plans in jeopardy

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
Book cover of Contemporary Debates in Urban Planning

Contemporary Debates in Urban Planning

Featuring thought-provoking commentary and insights from some of the leading thinkers and practitioners in the field.
$18.95

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $50.
$369 includes free shipping!