RDA shutdown looms for TO, Santa Barbara

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By Stephen Nellis / Friday, January 13th, 2012 / Comments Off on RDA shutdown looms for TO, Santa Barbara

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Two of the region’s most affluent cities are facing a realignment of major land holdings as the state forces redevelopment agencies to shut down. In Santa Barbara and Thousand Oaks, redevelopment agencies overseen by the city councils own the land underneath shopping centers and lease it to developers. Late last year, the California Supreme Court…

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