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June 10, 2006
Many large redevelopment projects on hold
TheBusinessJournal.com
Forest City Enterprises is not going to bring forward plans for the south stadium project while a proposed initiative takes shape that could effect private developers’ ability to develop private property.The city council had asked Forest City to submit alternative site plans for their proposed 85-acre mixed-use project in downtown Fresno, in a project area south of the Grizzlies Stadium. Forest City was due to present those plans at the end of this month, but because it appears one initiative will make the state ballot in November, Forest City won’t make its next move until after that time, said Marlene Murphey, director of Fresno’s Redevelopment Agency. An initiative to amend the California Constitution is being proposed that would bar state and local governments from condemning private property for private projects or uses.
The initiative also would limit the government’s authority to adopt certain land use, housing, consumer, environmental and workplace regulations, unless “regulations are adopted to preserve public health or safety, or comply with specified land use planning and property rights limits.”
Posted by amy at June 10, 2006 6:50 AM