Redevelopment development.An appellate decision has allowed two redevelopment projects in downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or to move forward, but it also has limited the amount of tax increment funds available to the city. The City Center and Central Industrial redevelopment zones include parts of the former Central Business District project, which was subject to a cap of $750 million in tax increment funds exceeded five years ago. (The cap was part of a consent judgment signed by the Community Redevelopment Agency in 1977 to end litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. over the project.) After the redevelopment agency created the two new projects, the County of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. sued the city to invalidate in·val·i·date tr.v. in·val·i·dat·ed, in·val·i·dat·ing, in·val·i·dates To make invalid; nullify. in·val the projects on grounds that they illegally violated the consent agreement. Two lower court judges invalidated both projects in separate 2003 decisions, but the 2nd Appellate District panel reversed part of those rulings last month. "The Court of Appeal said that the projects cannot be held up because of the stipulated judgment A stipulated judgment is a judgment which both sides agree to have entered. If the agreement is not followed, the plaintiff can file an affidavit of default wherein the judgment can be entered without notice to the defendant(s). ; however, what the Court of Appeal ruled was that we must take out the tax-increment financing for the parcels that used to be in the Central Business District," said Murray Kane, principal at Kane Ballmer & Berkman LC. Given those rules, the city could see its tax increment cut by 75 percent for the City Center project and 15 percent of the Central Industrial project. Kane is considering further appealing the decision to the state Supreme Court to obtain the full increment for the city. Paul Gale Paul Gale is a highly regarded Chinese martial arts instructor. He is generally considered to be the first to bring authentic Southern Chinese gungfu to Northern California, and is a pioneer in making these martial arts available to western students. , a partner at Stradling Yocca Carlson & Rauth PC who represents the county, did not return calls. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion