The Fate of Redevelopment in California

California cities claim that redevelopment is what keeps them humming, creating jobs and raising property taxes by improving so-called "blighted" areas. But Governor Brown, the legislature and the State Supreme Court have put them out of business as of February 1. Will the $5- or $6 billion they raise every year be available now for what Brown calls "core services?" Maybe not. We hear the latest chapter in California's colossal financial mess. Also, is Los Angeles a "company town?" On our rebroadcast of today's To the Point, Republicans get serious in New Hampshire.

Banner image: An old California cottage-style house is vacated and vadalized in Venice, California. Photo by David McNew/Getty Images