Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

CRA Spends Their Millions Before Gov. Brown Takes it Away

brewsters-millions.jpg
Stories like these are only possible with your help!
Your donation today keeps LAist independent, ready to meet the needs of our city, and paywall free. Thank you for your partnership, we can't do this without you.

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.