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Redevelopment

THE818NOW
By Alene Tchekmedyian, alene.tchekmedyian@latimes.com | December 13, 2013
At the close of last fiscal year, the city still felt the sting of the loss of local redevelopment as the lack of that extra revenue contributed to a 7%, or $9.2-million, drop in tax revenue across the city's 22 governmental funds, including the General Fund, according to a new report. However, the effects of the dissolution of redevelopment are “mostly behind the city now,” said Financial Services Director Cindy Giraldo. “The major impacts of (redevelopment's dissolution)
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THE818NOW
By Alene Tchekmedyian, alene.tchekmedyian@latimes.com | February 5, 2013
Burbank on Monday approved the sale of the IKEA building to a local developer, setting the stage for the furniture giant to move forward with plans to roughly double its operation in the city and become its biggest location in the country. City officials said they were thrilled about the ability to retain the top sales tax generator in Burbank. And with the expansion, the city only expects to reap more sales- and property-tax revenue, while also holding on to roughly 500 local jobs.
NEWS
December 18, 2004
REDEVELOPMENT PLAN ADOPTED WHAT HAPPENED The council approved a five-year plan for four of its redevelopment areas. WHAT IT MEANS The plan monitors the progress of the city's Redevelopment Agency in carrying out the goals of eliminating blight and providing affordable housing in the Golden State, City Centre, West Olive and South San Fernando redevelopment districts. VOTE The council voted 4-0 in favor of the plan. Councilwoman Stacey Murphy was not present.
NEWS
May 6, 2011
The Burbank City Council is doing a public disservice by pulling millions in redevelopment money over to the city’s coffers under the auspice of funding the proposed Lundigan Community Center. Clearly, the council isn’t even sold on the project, and let’s not forget that the center wouldn’t even be within a redevelopment zone — a fact not lost on former Mayor Anja Reinke when she absolved herself of the sham fund transfer. In abstaining from the narrow vote, Reinke called the move to transfer $5.2 million in redevelopment money earmarked for youth services “a little BS-y to me.” Her colleague, Gary Bric, even acknowledged that the fund transfer — another apparent attempt to protect local money from possible raids by Sacramento lawmakers seeking to bridge a multibillion-dollar deficit — didn’t necessarily mean the city would spend it on the Lundigan Community Center.
NEWS
December 14, 2002
MEETING AT 6:30 P.M. TUESDAY, CITY COUNCIL CHAMBER -- 275 E. OLIVE AVE. Major items: Bonds of $117 million for redevelopment projects at Golden State and South San Fernando projects. Airport Authority commissioner report. Adjustment to development impact fee. Safe haven infant protection program. Annual financial report of redevelopment agency. Appointment to the Metropolitan Water District. BWP energy efficiency programs.
NEWS
December 17, 2003
Ryan Carter Several city- redevelopment projects progressed this year, but city officials have concerns over continued large payments of property-tax revenues to the state that could jeopardize future redevelopment projects. Questions linger over whether the Redevelopment Agency -- which collects revenue from portions of the increase in tax-increment value from a redeveloped property -- will have to make another large payment to the state next year.
THE818NOW
April 21, 2013
Cities are facing tough budget times: loss of redevelopment money, aging infrastructure, and reduced a reduced tax base are all forcing municipalities to be more creative. Bert Ring suggests a way that Burbank could save a few dollars.
NEWS
October 7, 2011
In the 2200 block of Catalina Avenue, a future for dozens of low-income households will rise from a blighted property where not too long ago, an empty pool was being used as storage. On Thursday, city officials celebrated the start of demolition and, soon, rebuilding of an affordable housing project that will replace blight with 20 brand-new apartments for people who otherwise could not afford them. It's a redevelopment-funded scenario of killing two birds with one stone: Get rid of the old, drag-on-property-values building and replace with a new development that, hopefully, will spark a larger revitalization throughout the neighborhood.
NEWS
October 23, 2004
Mark R. Madler Despite objections by some residents, the City Council approved merging its three redevelopment districts as a way to better use financial resources. The council on Tuesday voted 4-0 to approve ordinances to combine the Golden State, City Centre and South San Fernando districts. Councilman Dave Golonski was not present. Councilman Jef Vander Borght said the merger gives a chance to make improvements and control those improvements at the local level.
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