In 2011, California eliminated all 400 redevelopment agencies in an effort to return the money they gathered to local school districts and other taxing authorities.<\/p>\n
With the impending dissolution of Douglas County Redevelopment District No. 1, it’s worth noting that there will still be another redevelopment district at Stateline.<\/p>\n
There is a direct connection between California’s elimination of redevelopment districts and the establishment of one in Douglas County at Lake Tahoe.<\/p>\n
The longstanding goal of the redevelopment district in South Lake Tahoe was to create a large-scale venue designed to attract visitors.<\/p>\n
The spread of Tribal casinos along the Sierra’s west slope have been eating into gambling profits of the Tahoe casinos for decades.<\/p>\n
The idea is that bringing large conventions and events to Stateline year around could help staunch or even reverse that flow.<\/p>\n
Redevelopment districts make their money based on an increase in property tax revenue over time. Agencies such as the county, the Douglas County School District and Tahoe-Douglas Fire District will receive the same tax dollars they did before the district was implemented, but won’t benefit from increases that come when the area is reassessed.<\/p>\n
That’s how empty sagebrush became big box stores in northern Douglas County, generating an additional $2 million a year in property taxes.<\/p>\n
Stateline is home to the largest sales and property tax generators in the county.<\/p>\n
The county is betting on its future with redevelopment. We hope that bet isn’t a longshot.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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