The City of Long Beach announced Thursday that it has received approval to implement its Long Range Property Management Plan, which calls for the disposition and use of real property formerly belonging to the dissolved Long Beach Redevelopment Agency (RDA).
The California Department of Finance approved the city’s plan, which was developed when redevelopment agencies were dissolved statewide in 2011. The plan encompasses 259 parcels at 71 sites that used to belong to the former Long Beach RDA.
The city’s plan includes four categories: for-sale properties, government use properties, properties to be retained for future development and properties which are to be retained to fulfill an enforceable obligation.
“The goal is to get as much property into future development,” said Business and Property Development Director Michael Conway in an October 2013 interview.
The city said the for-sale properties, which encompass 27 parcels, will be the first available for sale.
The government use properties, which includes 61 parcels, will be transferred to the city at no cost for governmental use, like libraries and parks.
Properties to be retained for future development, which includes 161 parcels, were identified in an approved redevelopment plan and will be retained for development and transferred to the city for disposition.
Properties which are to be retained to fulfill an enforceable obligation, which includes 10 parcels, will be retained or transferred as provided in the respective agreements that created the enforceable obligation, which pre-date the dissolution of the Long Beach RDA.
“This is an extremely important step forward for economic development in Long Beach, and I’m grateful to Governor Brown, his staff and our representatives in Sacramento for helping us complete this process,” said Mayor Robert Garcia in a statement. “This plan will improve neighborhoods throughout the city, eliminate blight, and generate vital revenue for the city.”
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