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Lodi residents get primed on redevelopment district
Public meeting sheds light on community planning tool
Redevelopment.
The clunky term isn't easy to comprehend.
But city of Lodi leaders Thursday night shed more light on it during a public workshop — showing how other cities have used the planning tool to spark life in their previously sluggish communities.
Redevelopment leaders from Livermore and Manteca spoke at the meeting, held at the LOEL Center and attended by roughly 50 residents, local businesspeople and city officials.
"Redevelopment has been used as the economic stimulus to get private business going," said John Novak, Manteca's deputy city manager, noting that shopping and entertainment projects — including the Big League Dreams softball complex — have flourished in the city since redevelopment was put in place.
Redevelopment is a tool cities use to keep a greater amount of a neighborhood's property taxes local. The money gathered, or issued in bonds, allows cities to make improvements benefiting that community, from fixing sidewalks to building libraries or affordable housing.
The Lodi City Council will vote this summer whether to establish a redevelopment district.
Local leaders are hoping the process will pay off the way it has for Livermore. Property values in that city's downtown redevelopment area have soared from $125 per square foot to $390 per square foot, said Rob White, Livermore's redevelopment agency director.
"Sunset theater renovation."
"More recreation centers for youth!"
"Pedestrian crossing over the railroad between Century and Salas Park"
"Affordable financing to encourage private investment"
— News-Sentinel staff.

Lodi

Lodi

Lodi

Lodi

Herald
"It really is a dramatic change," he said, describing the lively and pedestrian-friendly downtown core the city has helped form.
Most residents at the meeting, which included numerous business owners, developers and real estate professionals, said they supported redevelopment in Lodi.
A few said they were unsure about the idea.
And one very vocal critic said Lodi is headed down the wrong path.
"What you failed to tell the people is all the money you're giving the developers (through redevelopment)," said Georgianna Reichelt, of Manteca, following White's presentation. "How much is that costing us taxpayers? ... You need to tell both sides of the story."
White said most of the $30 million Livermore issued in bonds has gone toward public projects, like a downtown parking structure and street realignments. He said less than $1 million has been given to private developers, typically through $10,000 or $20,000 incentives that help them initiate a new business.
Lodi City Manager Blair King said the city has two options to finance redevelopment projects, should the tool be approved this summer.
It could do a "pay as you go" approach, where the city would wait for property values to increase in the redevelopment district, taking the greater share of property tax as it accumulated.
Or it could issue redevelopment bonds. That would require the city to prove its ability to pay off the bonds, prior to issuing them.
Under that scenario, the city would have 30 years to help spur redevelopment projects, and 15 additional years to pay off the bonds.
"It's probably one of the most secure bonds," said Jim Krueger, Lodi's deputy city manager and finance chief.
Contact reporter Chris Nichols at chrisn@lodinews.com.

Reader Feedback
Cogito wrote on Jan 26, 2008 5:23 PM:
Taxpayer & Citizen wrote on Jan 26, 2008 9:17 AM:
Taxpayer & Citizen wrote on Jan 26, 2008 9:13 AM:
My wife and I went once last summer and there were two old time vendors left that they used to every week out of a dozen and a half or so.
It's sad that it's turned into just another commercial venture and not a family oriented event like it used to be. "
16925 wrote on Jan 26, 2008 9:02 AM:
Cogito wrote on Jan 25, 2008 10:52 PM:
Cogito wrote on Jan 25, 2008 10:31 PM:
Cogito wrote on Jan 25, 2008 10:13 PM:
Taxpayer & Citizen wrote on Jan 25, 2008 9:46 PM:
16925 wrote on Jan 25, 2008 9:38 PM:
Taxpayer & Citizen wrote on Jan 25, 2008 9:34 PM:
Taxpayer & Citizen wrote on Jan 25, 2008 9:27 PM:
16925 wrote on Jan 25, 2008 9:26 PM:
16925 wrote on Jan 25, 2008 9:23 PM:
Taxpayer & Citizen wrote on Jan 25, 2008 9:23 PM:
Cogito wrote on Jan 25, 2008 6:53 PM:
mp wrote on Jan 25, 2008 5:14 PM:
Point #2) Taking my property to give to a developer so they can make a profit is obscene.
I really hope Lodi does not go down the same road as Stockton. It may be a good place today, but Stockton abused a lot of people to get there. I don't know if the trade off is worth it in Lodi. Lodi don't have the same kinds of problems as Stockton. Besides, Stockton downtown may look good, but all the homeless just have a better place to hang their hats.
Just my thoughts on the article. "
jungleplant wrote on Jan 25, 2008 2:46 PM:
commonsense1 wrote on Jan 25, 2008 11:38 AM:
Taxpayer & Citizen wrote on Jan 25, 2008 9:50 AM:
Your first project will probably will be the Wine & Rosewood high rise hotel in downtown Lodi. Get my point? "
Taxpayer & Citizen wrote on Jan 25, 2008 9:43 AM:
Comments on this story are now closed.