L.A. City Council agrees to allocate $52 million in redevelopment funds, preventing a state grab
Just as debate has heated up over the future of redevelopment agencies, the Los Angeles City Council voted Wednesday to allocate up to $52 million in redevelopment funds for public works projects around the museum planned by billionaire Eli Broad.
The council agreed unanimously to spend the money on the same day that Mayor Antonio Villaraigosa and other California mayors met with Gov. Jerry Brown to discuss his plan to eliminate redevelopment agencies. That vote ties up the money, preventing it from being used by officials in Sacramento to close a $25.4-billion budget gap.
The $52 million would go toward the construction of a parking garage, a pedestrian plaza and new sidewalks south of Walt Disney Concert Hall. Villaraigosa’s appointees at the Community Redevelopment Agency endorsed the proposal last week.
To read more about the vote, go to L.A. Now: L.A. City Council agrees to speed up spending redevelopment money.
-- David Zahniser at Los Angeles City Hall