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Downtown Revitalization Authority shuts down today

Original post made on Feb 1, 2012

A state-ordered shut down of Mountain View's downtown Revitalization Authority took effect today, and city officials are not happy.

Read the full story here Web Link posted Wednesday, February 1, 2012, 1:57 PM

Comments (5)

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Posted by pat
a resident of Cuesta Park
on Feb 1, 2012 at 2:16 pm

Enough of the entitlement rhetoric from our mayor! Indeed, Castro and many other parts of our community have benefited from historical contributions to the redevelopment agency but it's time for the money tree to hibernate! We of the state and community can no longer support wealthy communities such as Mountain View. Yes, we ARE wealthy compared to many other statewide and country wide communities.It is unrealistic to compare ourselves, exclusively, with bay area neighboring communities.Silicon Valley is just different from the rest of the country! AS a near 50 year resident of Mountain View, I relaize the benefits contributed but at what point can it be halted without politicians crying over lost candy! The money is gone, there is no room for arguing or negotiating thus we need our mayor to focus on what we DO have and support current projects such as the library, Cuesta Anex, Google support,other Mountain View employer enhancements and community work. WE have a wonderful community spirit and having an attitude of a mayor who's glass is half full would help all of us in the long run. WE need a mayor who is a mentor and has a positive attitude. He needs to stop whining and be greateful for everything we DO have here in our great city!

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Posted by Backfill
a resident of Gemello
on Feb 1, 2012 at 3:22 pm

I thought that the schools will see more money because both the K-8 and HS districts are basic aid. If they were revenue limit then the state would backfill and the districts wouldn't see extra money. Or am I wrong?

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Posted by kman
a resident of Monta Loma
on Feb 1, 2012 at 3:31 pm

"The 1969 tax district is credited with the transformation of Castro street from nearly deserted to a popular, vibrant destination"

It was never deserted. Out right lie. The city had less people, but business flourished then as they do now. Hopefully this will stop all the apartment building and bulling of people with property like they did with the guy on Old Middlefield and Rengstorff.

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Posted by Steven Nelson
a resident of Cuesta Park
on Feb 1, 2012 at 3:57 pm

Good riddance. After 5 years of talking about closing this in front of the Council (remember Daniel?) - I'm glad we ended up with the Gov, Assemblyman Paul Fong, and local state senators Alquist and Simitian as allies! details: The largest "special district" is determined by the county (controller-treasurer?) not the Mayor. Fire sale: come on Daniel, the local commercial real estate market is HOT! The Oversight Board will not be filled with dummies (the two from the county were just appointed by the Supervisors last Tues [item 11]- they are government finance professionals). The land will be set to be sold to the highest private (or public) bidder - at the right time. If a private buyer - all the value of the sale and build will be taxed at 100% of current value - and even more revenue will start to go to the city, county and schools GENERAL FUNDS.
Daniel - great reporting on the details of ALL those land transactions. I hadn't quite realized how much $M were tucked away in the "Revitalization" attic!!!!
Backfill, I think you are 100% right for the HS district. It's more iffy for the elementary school district (there is this weird $2.7 M "fair share").

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Posted by Steven Nelson
a resident of Cuesta Park
on Feb 1, 2012 at 4:50 pm

depending how the Oversight Board re-structures the debt (bonds) it might be desirable to stretch the bond payments to 2019. That way there would be less in bond payback payments each year - and therefore the schools (and County General Fund) could start getting a fraction of their LOST property taxes back starting next (this?) year. I'm sure this will be the county representatives goal. This would also (for sure) help the HS district, which otherwise would have lost it's entire $594,123.36 this year (pg. H-3 county Tax Rates & Information).

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