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The Fate of Redevelopment in California
California cities claim redevelopment keeps them humming. But Governor Brown, the legislature and State Supreme Court have put them out of business as of February 1.
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
In this episode
3 storiesRedevelopment in California is Over, at Least for Now
The State Supreme Court has given Governor Brown his wish: that property taxes to redevelop so-called "blighted" areas be diverted to schools and other "core services" of government.
Read the story20 minDoes Philip Anschutz Own LA?
This week's New Yorker magazine is getting special attention in Southern California for an article called, " The Man Who Owns LA ." It's about the Anschutz Entertainment Group, or AEG, most famous for Staples Center, LA Live and Farmer's Field, the NFL stadium that's been given a name even though it hasn't been built yet.
Read the story7 minRomney under Attack before New Hampshire Primary
Mitt Romney 's ahead in the polls in New Hampshire, where voters will choose the first Republican convention delegates tomorrow. He's also leading in South Carolina and Florida, which are coming up before the end of this month. But many Republicans are still looking for an alternative.
Read the story26 min