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Community Leaders to Protest Los Angeles Community Redevelopment Agency
Date:8/6/2008

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.

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SOURCE South Central Farmers Health & Education Fund
Copyright©2008 PR Newswire.
All rights reserved

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