Saturday, July 25, 2009

RDA may have to pull back on projects to pay state
The Long Beach Redevelopment Agency may have to delay or scrap projects from next year's budget in order to make its $30 million payment to the state, a top redevelopment official said Friday. While specific projects are not yet known since redevelopment officials are still calculating the $30 million impact - cemented Friday when lawmakers passed a state budget that allowed $1.7 billion to be taken from redevelopment agencies next year - Community Development Services Director Craig Beck said every project "not under contract is subject to deferral or cancellation." Continue reading Press Telegram.

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