Redevelopment is dead — or so proclaimed Gov. Jerry Brown and legislators last year when they canceled the legal authorization for the six-decade-old urban renewal program and seized its assets to close the state’s budget deficit.
Since then, state and local officials have been dismantling hundreds of local redevelopment agencies and squabbling over payment of their debts and disposition of their assets.
Redevelopment is dead. Long live redevelopment.
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Fairfax County officials are about to run head-on into the same public sector pension funding crisis that is spreading across the entire country, as detailed by the Pew Center on the States' recent report about the "trillion-dollar funding gap."
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URL: http://www.sfexaminer.com/taxonomy/term/6672?page=0%2C0%2C0%2C1&quicktabs_6=1&quicktabs_1=0
