LANCASTER : Financing Plan for Public Projects OKd
A financing plan that could lead to the construction of $144 million worth of county facilities in Lancaster in the next several years has been approved by the Lancaster City Council sitting as the city’s redevelopment agency.
Under the plan, Los Angeles County officials have agreed to pledge their $10-million-a-year share of tax revenue from the city’s redevelopment areas to back bonds for the projects that include three new fire stations and replacements for the area’s old courthouse, sheriff’s station, library and hospital.
The council, which approved the plan by a 3-0 vote Monday night, also has agreed to speed city approvals of the projects and to acquire land for the hospital and library sites. The County Board of Supervisors approved the plan last week.
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