LOS ANGELES, Aug. 6 /PRNewswire/ -- Community leaders will protest a
public meeting at which CRA-LA Board members will decide the fate of a
redevelopment project that involves the role of a non-profit organization
with a history of misusing public funds and a gift of public money to the
Regency Realty development company in the form of a $20 million dollar
subsidy. The proposed Regency project involved using eminent domain to
seize property from a property owner who intended to redevelop the property
for a similar use without any public assistance.
WHO: Community members and South Central Farmers Health & Education
Fund, a group of concerned homeowners and community members.
WHAT: Community Leaders to protest and testify at the CRA meeting.
WHEN: Thursday, August 7, 2008 at 10:00 a.m.
WHERE: City of Los Angeles Community Redevelopment Agency, 354 S. Spring
Street, 6th Floor, Board Room, Los Angeles, CA
BACKGROUND: Tomorrow, the CRA-LA will consider approving an amended and restated Disposition and Development Agreement of the Slauson Central Retail Center on approximately 6.5 acres, to benefit Regency Realty and Concerned Citizens of South Central Los Angeles (CCSCLA). The catch is that one of the community benefits of the Regency project involves a community center that will be managed by Concerned Citizens of South Central Los Angeles (CCSCLA) and a $20 million taxpayer subsidy that is not required to redevelop the property. In 2004, the Los Angeles Times reported that the CCSCLA has been scrutinized by state auditors for double dipping into city and state funds for the development of a $13 million soccer field complex near the proposed Regency project, at the corner of Slauson and Main, that to date is a barren clay field. In 2003 the State took $1.3 million back from CCSCLA, after discovering that the group had already bought the land with a grant from the city.
"State Wants Money Back From Non-Profit," Los Angeles Time, 12/22/04
|SOURCE South Central Farmers Health & Education Fund|
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