TITLE

Urban Renewal at Core of Oakland Redevelopment Agency's $45M Sale

AUTHOR(S)
Kelemen, Jasmina
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/25/2005, Vol. 351 Issue 32056, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Oakland, California, Redevelopment Agency today expects to price $45 million of tax allocation bonds to fund projects designed to attract more residents and businesses to the city's urban core. The new money debt will support Oakland Mayor Jerry Brown's '10K plan,' said city and agency Treasurer Bill Noland. The plan seeks to build 10,000 residential units downtown and hopefully attract businesses and entertainment to the area. The bonds are backed by tax revenues generated by increased valuations after property taxes are frozen in an area that has been designated for redevelopment.
ACCESSION #
15808077

 

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