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Local Real Estate: On The Rebound Or Facing Double-Dip?

July 5, 2011 2:59 p.m.

Along with a new state budget, late last week Governor Jerry Brown signed two bills drastically changing redevelopment agencies in California. These bills end the agencies as we've known them and require future agencies to use less property tax, with more going to local school districts. The change puts in question some major redevelopment projects in San Diego, along with making a serious impact on affordable housing.

Related Story: Local Real Estate: On The Rebound Or Facing Double-Dip?