This is an old article, but it has come up in the news again, because there are a number of lawsuits being filed currently, with murky origins, to stop the state government's actions against these agencies. I'm wondering, will this affect Schenectady, somewhere down the road, as a result of the court decisions?
I'm really kind of surprised by Jerry Brown. In a good way. Democrats are usually just fine with crony capitalism disguised as 'revitalization', just as much as Republicans.
http://capitolweekly.net/state-vs-cerritos-redevelopment-money/

The city of Cerritos may be a trailblazer of sorts among local governments, but it’s leading the way on a trail that local governments probably don’t want to follow.
The southern California community, which boasts a population just shy of 50,000 residents, is among the first of several city governments in California to go to the mat against the state controller’s review of its shift of local assets from the redevelopment agency.
The result: Cerritos may be on the hook for a $170 million price tag...