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NEWS ADVISORY

Oct. 30, 2007
Contact: Jeff Hood, communications specialist, (209) 333-6801

Budget & Finance Committee backs larger redevelopment areas

LODI -- Lodi's Budget and Finance Committee unanimously recommended Monday that the City Council choose a larger rather than smaller area for a proposed redevelopment project in the city.

The committee voted 4-0, after hearing comments and questions from the public, to recommend Survey Area A1, which slightly expands the size of the proposed Survey Area A that covers most of Lodi east of Sacramento Street.

The Lodi City Council is scheduled to choose a survey area at its Nov. 7 meeting. Area B, which largely follows east Lodi's commercial corridors, did not receive any backing from committee members. Survey Area A1 was drawn following comments the previous week from the Budget and Finance Committee and the Lodi Planning Commission that Area A was not large enough.

Redevelopment experts have estimated that the 1,583 acres within Survey Area A could generate some $131 million in today's dollars for redevelopment projects over 30 years. Area B, covering 732 acres, was estimated to raise approximately $83 million.

Monday's advisory vote was not required by state law, but a way to increase public participation in the steps toward a potential redevelopment project.

The Lodi Planning Commission is tentatively scheduled to select the Project Area boundaries on Nov. 14. The Project Area must be located within the Survey Area chosen by the Lodi City Council, which acts as Lodi's Redevelopment Agency. Selecting a Project Area is the next of many steps requiring public participation before a redevelopment project in Lodi can move forward.

More information on the potential redevelopment project is available by clicking here and in a citywide newsletter that began arriving in residents' and businesses' mailboxes last week. Lodi is one of only eight of 163 California cities with a population greater than 50,000 that does not have an active redevelopment agency.

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