UPDATE: The meeting time has been changed from 3:30 to 4 p.m.
The San Jose Redevelopment Agency looks like it will not go gently into that good night.
In response to Gov. Jerry Brown’s proposal to slash $1.9 billion from the budget by eliminating the state’s redevelopment agencies, a special meeting has been called for 4 p.m. Wednesday between the City Council, San Jose Redevelopment Agency and San Jose Financing Authority.
SJRA Eexecutive Director Harry Mavroegenes was none too pleased when Brown made his budget proposal earlier this month, saying that it was “the wrong time to be shutting down your only job creation machine in the state.”
Wednesday’s meeting will include discussion on how to proceed with existing projects, as well as managing current SJRA debt. Projects discussed will include the agreed upon capital improvement plan between the agency and the city, and the city’s five-year affordable housing plan. According to the agenda, some projects have certain timelines that must be met for federal stimulus.
The meeting could also touch on the possibility of building a Major League Baseball stadium to bring the Oakland A’s to San Jose. A’s owner Lew Wolff raised eyebrows earlier in the week when it was reported he was interested in purchasing properties from the city.
Even if the RDAs are disbanded by Brown’s plan, San Jose could still build a stadium, Mavrogenes said.
“As far as the baseball stadium, we have two more parcels to buy,” he said. “If the agency isn’t around to do that, it’s possible the city and the developer could do that as a separate entity.”