including the fate of redevelopment zones. In Pacifica that's the quarry, and potentially the City Beach Blvd property.
From SF Gate 8/12/11. "The state Supreme Court put the brakes Thursday on a plan to dismantle redevelopment agencies in California, posing yet another challenge to California's ability to keep its budget balanced. The court said it would decide by mid-January whether the state's plan to eliminate the economic development program is legal, and allowed redevelopment agencies to continue to exist while the case is pending. But it also barred the agencies from starting any new projects, issuing bonds or purchasing or transferring any property until the suit is resolved. If the case is successful, it will punch a $1.7 billion hole in the state's budget for the current fiscal year and cause a $400 million annual shortfall in future years". Read More.
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