Posts Tagged ‘Steve Greenhut’
June 6th, 2011 at 5:05 pm
Redevelopment Agencies Under More Scrutiny

Previously, I interviewed California Republican Assemblyman Chris Norby about the costs associated with taxpayer-funded redevelopment agencies (RDAs).  Along with liberal use – and threats – of eminent domain powers, RDAs siphon away local tax money from schools, roads and other public services to service the debt incurred to privilege certain businesses.

Writing for City Journal, Steve Greenhut of the Pacific Research Institute laments the dependency on RDA funding by local officials like the mayor of Glendora, CA.

When I spoke to Tessitor, I finally got to the heart of his redevelopment defense. The city relies on RDA funding for 15 percent of its budget, he said, and assuring the city’s financial future is “all I care about.” Individual cities have indeed become dependent on redevelopment money, but that doesn’t mean that the current system works. Nor does it change the reality of how these abusive agencies operate. I sympathize with the mayor’s budget worries, but if Glendora is an example of redevelopment done right—as he argues—then the situation is even worse than I thought.

For the all the protests to the contrary, it’s hard to shake the feeling that RDAs are crony capitalism by another name.