SAN FRANCISCO — California lawmakers have placed the state’s local redevelopment agencies on death’s doorstep, but there may be a bigger problem looming.

If lawmakers follow through with the basic elimination of redevelopment agencies, that will spur a legal challenge from industry groups that could freeze economic development because of the financial uncertainties while the issue wades through the courts.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.