Two and a half months ago, they lost their battle against the state to keep redevelopment agencies alive. Now, in a complicated, untested process that’s likely to take years, local government officials are members of a select group serving on new boards charged with overseeing the agencies’ demise.
Have you cleaned out your RDA property garage? Tick Tock… Sell your remaining RDA properties before the Oversight Board roll-up. Don’t delay and risk losing control.
A beloved but aging former heavyweight champ of the rock music world, the Forum in Inglewood, is making a comeback. Officials at Madison Square Garden Co. will unveil plans Tuesday for the historic arena that include a multimillion-dollar face-lift and a January opening with an iconic California music group.
Kosmont Realty Corporation (KRC) is proud to present recently sold Redevelopment Agency (RDA) dissolution properties. KRC is succeeding at selling former RDA assets!
The Los Banos Designated Local Authority (“Seller”) is looking to identify buyers for sites comprising residential and commercial zoned land (“Sites”) in the City of Los Banos in the County of Merced.
Bond Buyer article by Keeley Webster titled “Kosmont grows by helping California cities navigate post-redevelopment world” is about how Larry Kosmont’s advisory and real estate firm thrived after the state axed local redevelopment agencies.
The Madison Square Garden Company , City of Inglewood and Faithful Central Bible Church announced today that The Madison Square Garden Company has acquired the celebrated Forum in Inglewood, Calif. for a purchase price of $23.5 million. The acquisition will be followed by a comprehensive renovation of the historic venue, which is scheduled to begin later this year.
Kosmont Companies was recently selected by the State of California’s Department of Finance to provide interim Redevelopment Dissolution Consulting Services to six of the seven “Designated Local Authorities” (DLAs) across the State. The Designated Local Authority is an entity comprised of appointees by the Governor to wind down the affairs of redevelopment agencies in those cities that did not elect to become a Successor Agency.
The owners of Madison Square Garden have come to the rescue with an ambitious plan to turn the faded Forum into a juggernaut. The East Coasters are looking to challenge the region’s big arenas, including Staples Center and its owner, the politically connected AEG.