THE REDEVELOPMENT YEARS:
Over several decades, the Alhambra successfully implemented redevelopment to stimulate economic growth,revitalize neighborhoods, and generate tax revenues.
Redevelopment helped make possible such projects as the:
- 38° Ale House & Grill
- Alhambra Auto Row
- Alhambra Courtyard Plaza
- Alhambra Regency Plaza
- Alhambra Renaissance Plaza
- Azul Bar & Nightclub
- Charlie's Trio
- Frontera's Mexican Grill
- Fremont Plaza
- Havana House
- Home Depot
- Mahan Indian Restaurant
- Main Street Plaza
- Mosaic Lizard Theater
- Perfectly Sweet
- Starbuck's, Coldstone Creamery & Shaka's
- The Boiling Crab
- Also many other downtown restaurants, retail boutiques
and entertainment venues.
THE END OF REDEVELOPMENT:
The State Supreme Court announced its long-awaited decision in late December 2011 concerning the constitutionality of two controversial bills brought forward in a lawsuit by the California Redevelopment Association (CRA). According to the Court, ABX1 26 gave state lawmakers the power to eliminate redevelopment. ABX1 27, which would have provided a means for agencies to continue operating in exchange for a monetary payment to the State was invalidated.Cities were required to dissolve their agencies by Feb. 1, 2012 and create a successor agency to conclude the affairs of their former agency in conjunction with a seven-member Oversight Board.
The Alhambra City Council complied with the new law, approving a
resolution allowing itself to act as the successor agency. The oversight panel is comprised of two members appointed by the mayor, two by the county board of supervisors, one by the special districts in the former RDA, one by the county school superintendent, and one by the local community college chancellor.
The City, acting as successor agency enforces obligations and agreements that are currently in place, thereby enabling the City to participate in the transfer and liquidation of the Agency's assets, development projects in process and to oversee the transfer of housing functions and land assets.
The Council also approved a second resolution enabling the City to retain the affordable housing assets and functions formerly performed by the ARA. Under this scenario, funding for housing activities comes from the disposition of housing assets, unless legislation is adopted allowing continued Low/Mod Housing funding. The City will not receive any
tax increment for new housing activities.
View response by the Alhambra Chamber of Commerce concerning the elimination of redevelopment (published in the February 2012 issue of Around Alhambra)
List of completed redevelopment projects (A-H)
List of completed redevelopment projects (I-P)
List of completed redevelopment projects (Q-Z)
Businesses that were established and/or which expanded their operations in Alhambra without redevelopment assistance include, but are not limited to, the expansion of Target, Shops at the Alhambra, Walgreens and CVS stores, bank operations such as Empire Financial Center and Shanghai Bank building on Valley Boulevard, and a number
of medical offices on Garfield Avenue.
Plaza on Main: This mixed-use project created needed retail space (including a Denny's Restaurant), affordable housing for seniors, and the elimination of slum and blight. The project has provided the City with $20,000 per year in sales tax revenue and $44,344 in annual property tax revenue.
New Century BMW dealership: Many of the Main Street Auto Row dealerships were given financial incentives to locate and/or expand, leading to approximately $3.3 million annually in sales tax revenue to the City.
Howard Street Townhomes Affordable Housing Project
Main Street - Northwest Corner of First & Main