Do redevelopment agencies in Sacramento matter?

Earlier today I ran into Micah Runner, who works in the City of Rancho Cordova’s Economic Development Department. In light of major media publicity recently regarding Governor Jerry Brown’s budget, and the potential for the elimination of redevelopment departments altogether in California, I wanted to ask Micah a few questions about redevelopment in Rancho Cordova and how current budget decisions may impact redevelopment in Rancho Cordova and surrounding areas.

Do you think redevelopment departments in California should get the axe for the sake of a balanced budget? What areas in the Sacramento Region would be hit the hardest if the plug was pulled on redevelopment agencies? How might the elimination of agencies like SHRA or Rancho Cordova’s redevelopment department impact property values?

I’d love to hear your thoughts below.

If you have any real estate appraisal, valuation consulting, or property tax appeal needs, contact me at 916.595.3735, www.LundquistCompany.com or via Facebook.

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