“We Were All Mugged”

That’s what Pittsburg Redevelopment Director Randy Starbuck told the East Bay Business Times. As part of the new budget deal, the state has forced local redevelopment agencies to redirect a portion of their funds to cover a gap in California’s education budget. The cost to redevelopment agencies around the state will total $350 million, which is cash cities would otherwise have used to jump-start development and housing construction. We’ve long worried about Oakland’s excessive reliance on redevelopment to spark economic development; almost the entire city is a redevelopment zone these days. Still, it’s news that already-struggling cities didn’t need.

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