LOS ANGELES-In the wake of the passage of AB 26, which terminated more than 400 redevelopment agencies in California, the largest oversight board in the state by far has made a successful showing. CR-LA recommended roughly 600 redevelopment projects to the state Department of Finance, and all of them have been approved by the Department to move forward.

“We’ve been getting lots of calls from other agencies asking how we did it,” Richard Close, a real estate attorney with Gilchrist & Rutter in Santa Monica, CA, who was appointed to the CR-LA oversight board, tells GlobeSt.com. Early in the process, CR-LA board members explained to the Agency that it would carefully review all of its recommendations and only approve those they thought were in strict compliance of the law.

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