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WATSONVILLE REDEVELOPMENT FUNDING 0800 01/27/11 E.A.

A PROPOSAL TO SAVE FUNDING FOR REDEVELOPMENT PROJECTS WAS APPROVED BY THE WATSONVILLE CITY COUNCIL AT THEIR MEETING ON TUESDAY. THE APPROVED PROPOSAL SETS ASIDE 187-MILLION-DOLLARS FOR MORE THAN 60 REDEVELOPMENT PROJECTS, INCLUDING STREET AND PARK IMPROVEMENTS, DOWNTOWN REVITALIZATION AND HOUSING PROJECTS. THE DECISION SETS FUNDING ASIDE FOR PROJECTS THAT WERE THREATENED BY GOVERNOR JERRY BROWN’S PLAN TO ELIMINATE STATE REDEVELOPMENT PROGRAMS.

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