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CRA Spends Their Millions Before Gov. Brown Takes it Away
Remember that movie Brewster's Millions? That's the sort of spend-it-or-lose-it scenario the Los Angeles Community Redevelopment Agency was facing, prompting them to allocate $885 million for projects around the city before their agency is dissolved by Governor Jerry Brown and his austere state budget, according to CBS2. "The projects involve infrastructure, affordable housing and cultural facilities." If the money wasn't spent, said a CRA rep, there would be no way to guarantee it would be used in L.A. if the agency was taken over by the state.
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Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
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