California Supreme Court Eliminates Redevelopment Agencies
thoughout the State, effective February 1, 2012

The City of Alhambra continues to expedite the process of relocating your business to Alhambra. Even though the Alhambra Redevelopment Agency is no longer operational
(as of February 1, 2012), the Agency deserves recognition for its sucess in helping
to revitalize our community over the years. From its inception, it worked in partnership
with established retail, professional office, commercial and light industrial firms to expand
the economic development and prosperity of our community. For more information about business development opportunities in Alhambra, call us at 626-570-5030.  

Facts about redevelopment:

• Uses public funds leveraged with private funds to create new projects or rehabilitate existing ones
• Does not require the creation of additional taxes or fees
• Helps reduce project costs, thereby enhancing net cash flow for a reasonable return
  on investment and adequate security to obtain necessary financing
• Eliminates blight caused by abandoned or unsafe buildings, substandard or obsolete buildings, code violations, insufficient parking, irregular-shaped and empty parcels, incompatible adjacent uses and vandalism
• Increases property values while enhancing city image and appearance
• Creates a more viable economy with better job opportunities and social climate, 
  and wider range of goods/services
• Increases willingness of investors to participate in further community (re)development
• For low- and moderate-income households, has given many homeowners an
  opportunity to rehabilitate or modernize an aging home - and enabled income-
  qualified renters to purchase their first home