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Redevelopment Agency warns state bills could curtail local projects or force buybacks
San Francisco Board of Supervisors Budget & Finance Committee · June 20, 2011
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Summary
The Redevelopment Agency reported potential statewide legislation to eliminate or restrict redevelopment agencies; the agency said some project areas would be in jeopardy and that they may pay to stay in business if buyback legislation passes.
Fred Blackwell, executive director of the Redevelopment Agency, told the Budget and Finance Committee the agency submitted a $286.6 million budget and is closely watching two state-level trailer bills that would eliminate redevelopment agencies or require agencies to contribute to schools to continue operating.
Blackwell said the state's…
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