Future of Danville's redevelopment agency unclear
Original post made on Jul 2, 2011
Read the full story here Web Link posted Friday, July 1, 2011, 4:35 PM
on Jul 2, 2011 at 2:59 am
If the RDA funds are not saved, then, the funds will probably end-up, either directly or indirectly, into an offshore bank account in the Cayman Islands, owned by a bunch of Goldman Sachs/Wall Street dirtbags.
on Jul 2, 2011 at 7:16 pm
Redevelopment funding, in general, needs more explanation of its intended usage and why communities merit such funds. The history of redevelopment funding is clouded and defies application to redevelopment. The story provided from press releases is lacking in definition of purpose, history and results.
Alamo is fully aware of misuse of our local parcel taxes to benefit Danville specifications for development. Alamo does not use Hap Magee Ranch Park but our parcel taxes support Danville's usage.
As you look into the scope of development and redevelopment you will find questionable usages of state and other regional funds in Danville.
This story deserves more than a press release.
on Jul 4, 2011 at 3:01 pm
The municipalities should not be in the business of real estate development. Private enterprise is best suited to take risk and meet real estate demand. Public funds should not be used to build anything; shopping centers or "affordable housing" projects. These same funds in the hands of private enterprise would produce many times the financial returns to the local community afforded through the municipality. This is another California specific fiasco.