Redevelopment Agencies Circle the Wagons, Fight for Funding
For many cities, redevelopment relies on public-private partnerships, innovative financing, and design integrated with existing surroundings which, in turn, often support the hot topics of smart growth, transit-oriented development, and climate change adaptation. However, in the recent downturn, the tools that are typically available to redevelopment agencies have been limited -- partially because of economic constraints well, actually all because of economic constraints.
The conference led off by call to action by CRA Executive Director John Shirey. Already in litigation with the state over the its takeover of redevelopment funds, CRA appears to be on the defense. A panel of redevelopment leaders, including interim CRA/LA head Cal Hollis and former CRA/LA head Cecilia Estolano, urged the attendees to work in a greater economic development capacity and think about long-term sustainability for their agencies and the people that they serve.
Thanks to Allison Joe