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You are here: Home / Real Estate News / Local redevelopment comes to screeching halt

Local redevelopment comes to screeching halt

January 5, 2012 by Bill Fulton

Redevelopment funds have helped pave Hesperia’s streets, open the new branch library and downtown park, and build new fire and police stations.

But future funds evaporated Thursday, after the California Supreme Court ruled that Gov. Jerry Brown and state lawmakers have the authority to eliminate redevelopment agencies and direct the property tax funds that used to flow from them to cities such as Hesperia instead to schools and other local services.

via Local redevelopment comes to screeching halt | hesperia, funds, redevelopment – Hesperia Star – The Star of the West.

Filed Under: Real Estate News Tagged With: Inland Empire

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