With no redevelopment agency the City of LA finds itself without all the tools needed to revitalize communities and generate revenue. So the city is in the process of creating a new agency to fill the same role. The LA City Council has given conceptual approval to start work on a new entity that is kind of like an economic development department crossed with a nonprofit – like Chicago’s Department of Housing and Economic Development, or San Diego’s Economic Development Division and Mayor’s Office of Economic Growth.
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