The article, like many on City-Journal, is a good read.
On December 29, the California Supreme Court handed down what the state’s urban redevelopment agencies (RDAs) and their supporters called a “worst of all worlds” ruling—first upholding a law that eliminates the agencies, then striking down a second law that would have allowed them to buy their way back into power. This was great news for critics who had spent years calling attention to the ways modern urban-renewal projects distorted city land-use decisions, abused eminent-domain policies, and diverted about 12 percent of the state budget from traditional public services to subsidies for developers, who would build tax-producing shopping centers and other projects sought by city bureaucrats. As of now, the agencies are history, though the redevelopment industry is working to craft new legislation that would resurrect them in some limited form. . . .
Tuesday, January 10, 2012
Common Sense . . . From California!
Unlike New York where the Court of Appeals has given the green light to crony capitalism in spite of the State Constitution that provides otherwise, California (of all places!) is moving in the opposite direction. Per City-Journal: Crony Capitalism Rebuked: