Category Archives: News

Ken Hira Describes Post-Redevelopment Deals for Retail

Saving Redevelopment One Project at a Time By Bill Fulton on 23 October 2012 Last week, in my Insight column available to CP&DR subscribers, I suggested that there were two possible reasons Gov. Brown vetoed SB 1156 and the other redevelopment bills. First, there’s still bad blood between him and the cities. And second, he…

Larry Kosmont Comments on Glendale’s Deficit

Glendale Redevelopment Agency drives nearly half of city’s FY12 USD 15m deficit – New Coverage October 9, 2012 by Maryellen Tighe Glendale reported a USD 15m shortfall for FY12, following a USD 18m shortfall in FY11, nearly half of which was from missed payments by the former Glendale Redevelopment Agency(RDA), said Philip Lanzafame, chief assistant…

Kosmont Companies Presents Walnut City Council With Sales Tax Report

Melanie C. Johnson The city has hired consulting firm Kosmont Companies to help Walnut come up with ways to lure more businesses. While Walnut has an average household income of $114,000 annually, the city is losing potential sales tax revenue that could be spent in town to neighboring communities with more retail. That was the…

City staff preparing to make case to retain Kosmont

By Jack Barnwell As city staff prepare a proposed contract to present to the city council as a possible agenda item, the importance of retaining consultant group Kosmont Companies looms in the background. The Los Angeles-based firm was selected by the city back in 2011 to prepare a report identify the city’s sales tax…