Bills would permit cities and counties to create joint powers authorities to replace redevelopment agencies and require long-term real estate investment plans.
California Senate leader Darrell Steinberg has predicted that the Legislature will pass his post-redevelopment legislation – assuming the state revenues remain healthy.
Steinberg has introduced two bills – SB 1151 and SB 1156 – that would allow cities and other local agencies to form a new redevelopment entity with access to billions of dollars in former RDA assets, though not to the tax increment. Speaking to the Sacramento District Council of the Urban Land Institute on Tuesday, Steinberg said: "I don't know what the May revision [of the state budget] is going to say about the state's revenue. If May keeps us stable, then boom – aggressive all the way to the governors desk and I think he would likely sign the bill. If however growth is slow, we're going to have difficult decisions to make."
Steinberge claims that the RDAs went out of business with at least $2 billion in cash "in the bank," not counting the $1.4 billion in unencumbered affordable housing funds that is the subject of separate legislation. He estimated the overall value of RDA assets – including real estate – at $10 billion.
Thanks to Bill Fulton
FULL STORY: Steinberg Predicts RDA Asset Bill Will Pass
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Universal City TX
ULI Northwest Arkansas
Town of Zionsville
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