A new report [pdf] released by the Public Policy Institute of California shows that California's housing market continues to recover from its low at the beginning of 2012. Median home values in the most populous counties have increased by 39 percent since 2012, though they remain 20 percent lower than they were at the market's peak in 2006-2007. >>read more
The demise of redevelopment may leave the city of San Diego with a monstrous bill: $271 million to cover the development of its downtown stadium, Petco Park. When the stadium's financing plan was approved in 1998, general obligation bond funds were to be routed through the Center City Development Corp., one of the city's redevelopment agencies. >>read more
President Obama's proposed 2016 budget, announced last week, includes several nods to development and transportation in California to the tune of over $1 billion. >>read more