The use of redevelopment tax increment financing in California effectively ended in 2011, but various alternatives remain for financing urban development projects in the state. Local agencies have tools that can be used to leverage urban development and foster public and private investment to finance much needed economic development, infrastructure, affordable housing and public amenities.
This one-hour TeleBriefing addressed the opportunities available to finance needed urban development projects from the perspectives of practitioners who advise developers, investors and public agencies. Panelists discussed existing statutory tools, public-private partnerships, non-monetary forms of project assistance and legislative efforts to assist urban development. Attendees gained an understanding of the opportunities for urban development in California after the demise of Redevelopment.
Land use and real estate attorneys, business professionals, and local governmental officials.
Post-Redevelopment: Emerging Alternatives for California Cities and Counties, PublicCEO.com
Seth Merewitz is a partner in the Municipal and Redevelopment Law practice group of Best Best & Krieger LLP. Mr. Merewitz provides advisory and transactional services to developers, land owners, public agencies and private entities. His practice focuses on real estate development including zoning, land use and master-planned communities; municipal and redevelopment; and public-private partnerships.
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