Land use
End of redevelopment agencies traps billions in local government loans
More than 400 redevelopment agencies have been officially shuttered, leaving a trail of uncertainty – and a potentially staggering debt load. Across the state, cities and counties have loaned more than $4 billion to their redevelopment agencies over the past few decades, but according to the law governing how agencies will be dissolved, they may not be able to recover that money.
