Real Estate/Development
Mar. 11, 2003
Holistic Redevelopment
BY RENATA SIMRIL California redevelopment agencies face a nearly insurmountable challenge. They seek revitalization of the buildings and economics of blighted, economically "disinvested" communities. Yet everything seems to be against this. The areas do not improve rapidly enough to generate the property tax increases, called tax increment, which fund their programs. They face shortages of developable land and community infrastructure.
BY RENATA SIMRIL
California redevelopment agencies face a nearly insurmountable challenge. They seek revitalization of the buildings and economics of blighted, economically "disinvested" communities. Yet everything seems to be against this. The areas do not improve rapidly enough to generate the property tax increases, calle...
California redevelopment agencies face a nearly insurmountable challenge. They seek revitalization of the buildings and economics of blighted, economically "disinvested" communities. Yet everything seems to be against this. The areas do not improve rapidly enough to generate the property tax increases, calle...
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