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Rent Increase Survey

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How SunCal Sells Redevelopment Subsidies in New Mexico

See here to find out how SunCal sells redevelopment subsidies in New Mexico. We’re sure that City Officials in Albuquerque tried to assure their residents too that the proposed developments were “fiscally neutral.” When City of Alameda officials claim a development is “fiscally neutral” they are referring ONLY to the General Fund, and not to any redevelopment bonds issued by the Community Improvement Commission. The $700 Million subsidy that SunCal seeks would be funded by Community Improvement Commission redevelopment bonds.

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