For decades, community redevelopment agencies have targeted blighted areas and encouraged investment in them by allowing developers to keep the increased tax revenue generated by their projects. The successes have been notable: One need look no farther than the south end of Los Angeles' downtown, where Staples Center and the surrounding commercial area sit atop what once were parking lots and crack houses.
But abuse of the system has been a proble...
Read more: http://click2.info/Redevelopment
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