Be Careful What You Wish for Seems to Be Effect of Court Decision on Redevelopment
The preliminary summary from the San Francisco Chronicle seems to suggest that the redevelopment agencies are gone. I don’t think that is quite so – as noted above, the legislature can still work out something: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/12/29/BA6R1MI73D.DTL
The LA Times version is similar to the Chronicle’s: http://latimesblogs.latimes.com/lanow/2011/12/california-supreme-court-redevelopment-agency-ruling.html
The LA Business Journal’s account refers to possible legislative action to save redevelopment agencies: http://labusinessjournal.com/news/2011/dec/29/court-upholds-brown-plan-dissolve-redevelopment-ag/
Maybe the lesson for all concerned in this case is sometimes its better to leave things alone:
[youtube=http://www.youtube.com/watch?v=FWPx-fw0mI8&w=320&h=195]