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Want to see corruption special interests and fraud up close and personal? Look at a Redevelopment Agency. There are created with the purpose of supporting special interest over private property rights.
They take money meant for public safety, schools and local programs and transfer it to hotels, convention centers and stadiums--more union jobs, mostly tax dollars losers.
"As RDA defenders describe the terrible impacts for California if Governor Brown’s plan to return redevelopment funds to local governments prevails, one would hardly know that the Los Angeles Times recently reported that “more than 120 cities, for example, spent more than $700 million of their affordable housing funds between 2000 and 2008 without building a single new unit.” San Francisco’s RDA defenders would have us believe that the Board of Supervisors is legally barred from spending money on affordable housing, when the truth is that every project “at risk” from Redevelopment cuts could be funded by the money transferred from the Agency to the Board."
$700 million spent for affordable housing and not a single unit built.
What more information do you need that this is a slush fund that needs to be ended?
More...
They take money meant for public safety, schools and local programs and transfer it to hotels, convention centers and stadiums--more union jobs, mostly tax dollars losers.
"As RDA defenders describe the terrible impacts for California if Governor Brown’s plan to return redevelopment funds to local governments prevails, one would hardly know that the Los Angeles Times recently reported that “more than 120 cities, for example, spent more than $700 million of their affordable housing funds between 2000 and 2008 without building a single new unit.” San Francisco’s RDA defenders would have us believe that the Board of Supervisors is legally barred from spending money on affordable housing, when the truth is that every project “at risk” from Redevelopment cuts could be funded by the money transferred from the Agency to the Board."
$700 million spent for affordable housing and not a single unit built.
What more information do you need that this is a slush fund that needs to be ended?
More...