Real Estate/Development,
Government,
Administrative/Regulatory
Oct. 20, 2012
Opportunity in uncertainty surrounding redevelopment agency properties
Because former redevelopment agencies still collectively own thousands of properties, those assets seem like a particularly target rich environment.
If you have been wondering how to generate opportunities out of the wreckage of redevelopment in California, this article can help. Hopes were raised recently by legislative proposals including Senate Bill 1156 (proposed the creation of a redevelopment agency-like entity that would have required greater cooperation from taxing agencies) and three bills that would have loosened the requirements for the establishment of Infrastructure Financing Districts. Those hopes were dashed when, just...
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