CRA 2.0: Los Angeles okays redevelopment agency replacement.

With the shutdown of its Community Redevelopment Agency (CRA) early this year, Los Angeles—like all California cities—finds itself without the usual financial tools aimed  at revitalizing communities and generating new revenue. However, LA won’t take it lying down. The city is now in the process of building a new agency that would fulfill the same goals—without the accompanying allegations of inefficiency and corruption that plagued its almost 70-year-old predecessor. At the end of June, LA City Council gave conceptual approval to start work on a new entity that comprises an Economic Development Department and an accompanying economic development nonprofit. The setup was modeled after agencies in other major cities.

The Architects Newspaper

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