CalWatchdog.com | As Halloween approaches, de-development haunts California:
* In the city of Tulare, the city council is not just shelving the downtown master plan for the future. It is officially rescinding it.
* In Pasadena’s downtown Paseo Colorado Mall, anchor tenants are rumored to not be renewing leases after only 10 years of redevelopment, inclusionary housing and “smart growth.”
* In the city of Ventura, a world-famous photographer and merchants are up in arms about the imposition of downtown parking meters that may be diverting shoppers to the Internet and businesses into the black-market economy.
Across California, redevelopment has turned into a horror story — and is being replaced by “de-development.” Although cities still fall back on the redevelopment model, albeit now without tax-increment financing and revenue bonds, it is de-development that may rescue small businesses while depriving revenue-hungry cities of taxes. [CONTINUE READING]
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