Recent developments in Sacramento have resulted in the state closing redevelopment agencies which — for many municipalities — were vital sources of income to communities that allowed them to further their goals and lend support.
Unfortunately, the way Assembly Bill 26 is written, it sometimes strikes at the heart of facilities, like Glendale's Alex Theatre, that have resonance and history within the community.
Glendale Arts currently operates the Alex Theatre under a lease and management agreement with the Glendale Redevelopment Agency that is in effect through June 30, 2015. While this may delay the sale of the Alex Theatre until our lease expires, it will not prevent it.