National Media Highlights Lack of Oversight and Failure of Redevelopment Projects
A recent article in the LA Times highlights how redevelopment agencies in California have operated with little or no oversight for years and, as a result, redevelopment projects are stalled or failing. The article is endemic of eminent domain abuse that has occurred across the country as highlighted in the following:
St. Louis Business Journal: Hadley developers are no-show at Richmond Heights council meeting;
The CW Pittsburgh: Brownsville To Take Control Of Downtown Properties ;
As the future unfolds, and market forces change, it will be interesting to see whether closer scrutiny is applied to redevelopment projects which commence, or are renewed, around the country.
The author wishes to acknowledge the assistance of Cory K. Kestner, Esq., of McKirdy & Riskin, PA, in the preparation of this article.
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