Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Land Sales Revenue topic
No spam. Unsubscribe anytime.
Board questions $7.6M land‑sale revenue assumption in CRA budget
Summary
Board members pressed the presenter on a $7.6 million line for future land sales, saying the board has not directed such sales and cautioning against treating the amount as certain; discussion touched on long‑term planning and CRA statute constraints.
Director Altman raised concerns about the budget's use of $7.6 million in projected revenue from surplus land sales, saying the board has not authorized those dispositions and that treating the amount as certain in the budget could be premature. Altman urged long‑term planning and said the CRA should be deliberate about how it uses landholdings rather than defaulting to immediate sales.
Altman also referenced the CRA statute, asking whether the agency’s work should be limited to removal of slum and blight and urging that redevelopment projects include clear visuals and public benefits to gain community support. Staff responded that the $7.6 million figure reflects potential receipts from identified properties but acknowledged the board had not yet made final disposition decisions.
