This management crowd just doesn’t quit, do they? From today’s Leader about recent grants received:
In Burbank, a more esoteric effort was awarded $375,000. The city wants to research the viability of a state financing method that could be used to build infrastructure in a commercial-industrial area known as the Golden State district near Hollywood Burbank Airport.
Esoteric, hell. It’s a blatant attempt to get around Sacramento’s prohibition on RDAs.
The California Legislature has made it perfectly clear that there’s to be no more local government top-down redevelopment zones. In any fashion or subterfuge.
Enhanced Infrastructure Financing Districts are community-development tools available as a way for cities to potentially capture the growth of property values in designated areas and invest the money from that growth into the city’s infrastructure.
“There’s lots of caveats to [the financing districts], which is why we want to study it, and this tool hasn’t really been used in California yet. It’s still somewhat new,” said David Kriske, Burbank’s assistant community development director.
What “infrastructure”? The whole thing sounds sleazy and underhanded. You can’t do that in this way without also having economic control over what goes on there.
I.e., a new Redevelopment Agency. No matter what they want to call it.
This city doesn’t get the point of it all, do they? They didn’t like that big change several years ago and they’re still in denial.