When Gov. Jerry Brown ordered in 2011 the dissolution of California’s 400-plus redevelopment agencies (RDAs), San Jose was forced to halt the kind of subsidized development that built much of downtown over the past two decades. Now the city might have to work out a new deal on RDA land it has been holding for a potential baseball stadium in the hope that the Oakland A’s can relocate to San Jose. But as the legal fight between the state and municipalities continues, other ideas for tax-increment financing (TIF) districts are emerging.Read More 8
Councilmember Sam Liccardo submitted a memo late Thursday calling for an audit of four incubator programs funded by the San Jose Redevelopment Agency. The request responds to a 2009 study—unseen by most city officials for two years—which finds that RDA spent more than $30 million on business-building incubator programs which, it says, showed very poor returns on investment.Read More 18
Redevelopment Agency director Harry Mavrogenes might be quitting the broke-ass agency—hey, four decades is enough to ask of anybody in this town—but he’s not planning to fade into the sunset and paint water colors. That’s what his one-time boss Frank Taylor did. Or live on a boat in the Caribbean on the San Jose tax money she escaped with, as predecessor Susan Schick did. Maybe he’s a glutton for punishment, but the Mavster will be staying involved in local public affairs.Read More 19
The City Council, acting in its capacity as the Board of Directors of the San Jose Redevelopment Agency, announced its decision to appoint Richard Keit to serve as Managing Director of the Agency. Keit is currently the Redevelopment Agency’s Director of Business Development and has held various positions in local government, including manager of the housing division, neighborhood business district coordinator and director of neighborhood and industrial development.Read More 11
Times have changed since Jerry Brown was last Governor. These days he’s faced with a $28 billion deficit and the realization that he’s going to have to cut somewhere. One possibility is the state’s Redevelopment Agencies, which consume about $5.5 billion in property tax revenues. It won’t be easy. While transferring that money to schools, for instance, could prove popular, the same voters who elected him also approved Proposition 22, which prevents the state from raiding local funds.Read More 11
City Redevelopment director Harry Mavrogenes says the embattled Mexican American Community Services Agency (MACSA) has defaulted on a $500,000 grant.
Magrovenes sent a memo to the Redevelopment Agency’s Board of Directors saying that the MACSA’s Youth Center on the East Side has been receiving redevelopment grants for a preschool program that has never been implemented.Read More 28