AB 2: Redevelopment Is Back -- Or Is It?
publication date: Oct 4, 2015
So, redevelopment is back, sort of. How much of a difference it will make remains to be seen.
Gov. Jerry Brown has signed AB 2 (Alejo), which permits cities to create tax-increment-based "Community Redevelopment Investment Authorities" (CRIA). It's more or less the same bill that legislative leaders � led by former Senate pro tem Darrell Steinberg � have been trying to get Brown to sign since 2012, when the redevelopment agencies were shut down.
Unlike those earlier bills, however, this law makes the overt point of completely disconnecting the new system from the old redevelopment code sections in state law; and it makes no connection to SB 375 and the state's other sustainability-based planning and development efforts. >>read more