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Real Estate/Development

Oct. 7, 2003

Vote Would Create Billions in New Projects

BY OLIVIA LOY CREJ Staff Writer California voters will have the final say on the fate of billions of state dollars that could land in the laps of contractors and others on the institutional side of the real estate industry.

BY OLIVIA LOY
CREJ Staff Writer

California voters will have the final say on the fate of billions of state dollars that could land in the laps of contractors and others on the institutional side of the real estate industry.

Proposition 53, a proposed constitutional amendment slated for Tuesday's recall ballot, would create a permanent fund for state and local infrastructure improvement needs.

In the first 20 years of its life, the fund could...

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