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

Kelemen, Jasmina
January 2005
Bond Buyer;1/25/2005, Vol. 351 Issue 32056, p36
Trade Publication
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.


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