Archive for January 8th, 2012

The PE: RIVERSIDE: City must cancel some redevelopment projects

Riverside’s downtown Greyhound bus station will have to wait longer to move to a planned transit center. The end of redevelopment has made the transit project’s future uncertain.(/FILE PHOTO/2008)


Published: 07 January 2012 06:52 PM

Riverside may have to scrap plans for a downtown bus and train transit hub, a new shopping plaza in the Five Points area of La Sierra, relocation of two historic Victorian homes and a variety of other projects, now that state legislation and a court ruling have dismantled redevelopment.

Worse yet, say city officials, they may be forced to sell many of the properties owned by the city’s now-defunct redevelopment agency, including some on the Main Street mall, University Avenue, at Five Points, and in several areas downtown where new and better housing was planned.

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The Sun: Victorville defaults on bonds

Joe Nelson, Staff Writer
Posted: 01/07/2012 02:42:29 PM PST

Victorville City Manager Doug Robertson said the city’s November default on bond payments totaling $10.6 million has not prompted an inquiry from a federal agency that has been investigating the city’s bond debt for the last two years.

In an e-mail, Robertson said investigators from the Securities and Exchange Commission (SEC) has not made any inquiries about the defaults thus far, but he is expecting they will.

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Wyatt Buchanan, Chronicle Sacramento Bureau
Sunday, January 8, 2012

Sacramento –Gov. Jerry Brown’s budget plan released last week poses a stark choice for Californians: approve a five-year $35 billion tax increase in November or watch the hatchet drop on public school funding – with cuts so deep the school year could be shortened by almost a month.

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Public Money

BY: Girard Miller | January 5, 2012

One of my pet peeves in the ongoing debates over public pension reform is the way partisans on each side try to pitch half-truths and myths to support their arguments. The other side seldom believes any of these, but they help rally the allies on the speaker’s side. Sometimes the press naively re-circulates these fallacies, which leaves the general public even more confused about what to believe. There’s an old saying in politics that if you tell the same lie long enough, the public will eventually believe it — and that apparently is the mentality of lobbyists on both sides. In an effort to start the new year with a clean slate for public debate, I’d like to set the record straight on a dozen of the most glaring fallacies and silly slogans.

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