CALIFORNIA’S HIGH-SPEED RAIL ON TRACK TO OPEN IN 80 YEARS
“Six years after the controversial California High-Speed Rail Authority was approved by the California Legislature, just 7% of the estimated 1,100 pieces needed for the first leg to travel 130 miles across sparsely populated Central…
California’s New Tax Increment Financing Law Could Unlock Billions of Dollars
“When California Gov. Jerry Brown signed a new law on Sept. 29 to facilitate infrastructure financing, he gave hope to people in the Golden State and beyond that local governments would pick up where constrained…
Eminent domain set for road projects in Fair Oaks, Carmichael
“Sacramento County real estate officials have been given the green light to use eminent domain law to acquire parts of 34 properties along Hazel Avenue in Fair Oaks, and Fair Oaks Boulevard in Carmichael as…
High-Speed Rail Authority has 30 eminent-domain cases pending … and it’s just getting started
“The first trip on California’s first high-speed rail network is years away, at best. One reason: Assembling all the property the system will need is an arduous task. The California High-Speed Rail Authority needs approximately…
Enhanced Infrastructure Financing District Legislation Brings Back Tax Increment Financing to California
“Tax increment financing is back in California. Tax increment makes its comeback through the passage of Senate Bill 628 (Beall), legislation authorizing the creation of Enhanced Infrastructure Financing Districts (EIFDs), which was signed into law…
The Redevelopment Racket
“The justifications that governments give for subsidizing private developments are often dubious, but this was particularly so for a recent New Jersey deal. This summer, the state granted $82 million in tax credits to the…
Claremont water system valued at $222 million in new report
“A new report commissioned by Golden State Water Company found its water system is worth $222 million in an eminent domain action, four times the appraised value by the city. It is the first time,…
Property Rights Group Urges Brown To Veto Redevelopment 2.0
“An influential property rights group has released a new radio ad campaign urging Governor Jerry Brown to veto three bills that would bring back California’s abusive redevelopment agencies. The California Alliance to Protect Private Property…
Brown signs Martins Beach public access bill
“Gov. Jerry Brown on Tuesday signed a bill requiring the State Lands Commission to negotiate public access to the shoreline at Martins Beach, an 89-acre beachfront property Khosla purchased in 2008. The decision comes on…
Tri-City takes office building through eminent domain
“Tri-City Medical Center has taken possession of a medical office building on its main Oceanside campus using its eminent-domain powers. The three-story, 57,000-square-foot facility is central to the public health care district’s efforts to attract…