How would you like to spend your dime of every dollar from your property taxes? In San Diego region, 10.7 percent of $3.8 billion in property taxes overall goes to fund redevelopment. As the state of California moves closer to eliminating redevelopment, there are some of us who still believe that public investment is a necessary tool for rebuilding the middle-class through good jobs, affordable housing, quality public education and sustainable infrastructure.
For or against redevelopment? There are two main camps of thought: one that claims redevelopment is a local revenue source for projects that the state should leave alone, and the other that claims that redevelopment is short-changing education. There seems to be little room for compromise.
Cities are relying on legal posturing (such as the $4 billion project wish-list adopted by city of San Diego). But, there is no real “plan B,” grounded in true policy reform. For those of us whose jobs, housing and community improvement are critically dependent on redevelopment funding, this is no consolation.