San Jose Redevelopment Agency
It’s official: redevelopment is dead in cities across California. San Jose, which identified the funds as its largest tool is being forced to deal with the loss of its once mighty redevelopment agency.
The agency that helped revive downtown and make San Jose a central part of the Silicon Valley technology industry has laid off nearly half its staff, and the remaining workers could lose their jobs by summer.
The 50,000 square foot Whole Foods store at Blossom Hill and Almaden Expressway is expected to give the city a much needed economic boost.
The city’s shrunken redevelopment agency has laid off another 14 employees because of state funding cuts, Mayor Chuck Reed said Thursday.