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Hilda Solis
City looks at new 'infrastructure district' to fund L.A. River plans
City looks at new 'infrastructure district' to fund L.A. River plans

Los Angeles leaders are hoping to use a new tax-sharing law to help finance ambitious plans to transform the city's namesake river into a ribbon of recreational areas and vibrant new developments. As of Jan. 1, local officials have the authority to direct a greater share of future property taxes to revitalization efforts, public works projects and environmental cleanup. The law is intended to replace some of the billions of dollars cities lost when Gov. Jerry Brown and the Legislature shut down more than 400 redevelopment agencies during the recession-driven budget crisis. L.A. officials wasted no time, taking initial steps last week toward creating what is believed to be the...

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