On Dec. 29, the California Supreme Court upheld the Legislature’s dissolution of all redevelopment agencies across California. The impact of this legislation on the city of Glendale cannot be overstated. Quite simply, millions of dollars of local tax revenue, which would have been invested in our community, must now be redirected to Sacramento.
There are currently efforts to postpone the dissolution of redevelopment. While this step would give cities the ability to better plan for the future, the real solution is for the Legislature to create a new mechanism that would allow cities to continue to create jobs, attract needed investment, initiate economic development, provide well-planned and quality affordable housing, clean up blight and enhance public safety.
Our locally driven, locally focused economic development efforts and public/private partnerships have served our community well:
• Job Creation: In the last year alone, agency projects have created more than 9,000 construction and permanent jobs; future commercial projects will create an additional 10,200 jobs;
