Saturday, September 10, 2011

Redevelopment Lawsuit Halts K Street Project

The SacBee’s reporting that David Taylor’s 800 K Street redevelopment plan has hit a snag with his exclusive right to negotiate the development deal lapsing last month. City officials say they can't restart talks until litigation over the state's attempt to overhaul redevelopment agencies resolved.

The redevelopment plans moved forward with Taylor’s team last July when the City Council asked his team to rebuild the 800 block. It also named a group headed by developer Bay Miry to redo K Street's 700 block.
Government funding for this project and others around the state halted earlier this year when Gov. Jerry Brown threatened to do away with local redevelopment agencies. Cities later sued, saying Brown's plan is unconstitutional. The state Supreme Court has blocked the agencies' shutdown while it reviews the suit.
The project for the 700 block of K Street is still moving ahead with construction scheduled to start early next year.

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