Tim Cavanaugh on How to Undo the Damage Caused By Redevelopment


"California's redevelopment agencies," writes Reason.com Managing Editor Tim Cavanaugh, "have produced something beside corruption, poverty and blight: The RDAs have also run up nearly $30 billion in debt that must be serviced by Golden State taxpayers." Although that debt, and the other damage caused by these agencies, isn't going away, there's a way to help communities and partially compensate the taxpayers: Sell these properties off to the public in small lots.