|From:||Lenny Siegel <email@example.com>|
|Date:||Thu, 26 Jan 2012 08:28:21 -0800 (PST)|
|Subject:||[CPEO-MEF] REUSE: "Another twist" for El Toro (CA) redevelopment|
Another Twist at the Great Park ADAM ELMAHREK | Voice of Orange County (CA) January 23, 2012Although the Orange County Great Park had its share of setbacks, there has always been a confidence among Irvine officials that the 1,300-acre park's status as a redevelopment area meant the road to its eventual completion was paved with more than $1.4 billion in property tax revenue.
But now that Gov. Jerry Brown has killed redevelopment in California and a recent state Supreme Court decision ensured that it wouldn't be resurrected anytime soon, Great Park leaders find themselves on a far more uncertain path.
...Joyce and other Irvine officials maintain that a development agreement with the developer, Heritage Fields, requires construction of the park, thereby securing the funding. Heritage Fields plans to build nearly 5,000 homes, which will increase property tax revenue at the development. Irvine officials argue that this increase is theirs to keep.
... For the entire article, seehttp://www.voiceofoc.org/oc_south/article_91a7a9b2-4646-11e1- b67e-001871e3ce6c.html
-- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Military mailing list Military@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/military-cpeo.org
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