*Predictable reaction to court decision on redevelopment

From LAT:

"I'm disappointed. I personally thought there was an important compromise that was made in letting redevelopment agencies continue, but having some of the funds go toward dealing with the crisis in schools and public services," said Madeline Janis, one of Mayor Antonio Villaraigosa's seven redevelopment agency board members. Janis said she hopes the state Legislature will develop a new alternative that keeps redevelopment alive in low-income neighborhoods that need jobs and affordable housing. "In a city like Los Angeles, that's a lot of neighborhoods," she added.

[CUT]

But Gov. Jerry Brown said in a statement that the court's ruling will mean more revenue to pay for state programs and services. "Today's ruling by the California Supreme Court validates a key component of the state budget and guarantees more than a billion dollars of ongoing funding for schools and public safety," Brown said.

*More reaction

From Mayor Villaraigosa:

This year alone we have created more than 18,400 jobs through the Community Redevelopment Agency in Los Angeles. A proven economic development catalyst, these investments have transformed communities like North Hollywood and Bunker Hill with jobs and opportunity. Today, the court has spoken. We all must acknowledge the difficult challenge before us to create jobs, world-class schools and safe communities, keys to the future of our Golden State.

From LAUSD Board Member Bennett Kayser:

I would much prefer to develop sound young minds than redevelop mini-malls. With this ruling, the 1% in California will no longer be able to use our tax dollars to green their golf courses, provide parking for their museums and subsidize their pro sports teams. I thank Governor Brown for his leadership on this issue and will fight with him to see that this money gets to those who need it most, the children of this State and those who serve them."

Earlier: Breakup of redevelopment agencies affirmed by state Supreme Court


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
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