Community Redevelopment Agencies in harms way? I hope not, Downtown LA needs this!

How anxious is the Community Redevelopment Agency feeling right now? Following a hastily-called meeting, this morning the Community Redevelopment Agency Board of Commissioners moved to freeze nearly $1 billion to pay for more than 200 planned CRA projects, developments ranging from the parking garage at Eli Broad's new downtown museum to the controversial 1601 Vine office tower in Hollywood.

With the entire agency facing elimination under Gov. Jerry Brown's budget cuts, the CRA quickly put together a draft agreement with the city that socks away $930 million for future projects.

read more at Curbed LA