Tuesday, July 05, 2011

CADA Property Sell Off

The Capitol Area Development Authority was started up during Brown's first run as Governor. Now, more than 30 years later, the state legislature has passed a budget that eliminates the redevelopment agency. Executive director of CADA, Paul Schmidt talked on KXJZ's Insight on the selling off of properties managed by CADA and what it would mean for the City of Sacramento. CADA manages about 16 blocks in downtown and is a self supporting organization that’s funded by renting of 784 apartments. Click here to take a listen if you have a chance, the interview with Paul starts at 15:55 mark.

No comments: