Three bills aimed at reviving local development financing in California are moving through the legislature after Gov. Jerry Brown vetord similar legislation last year.
“This is California’s version of Groundhog Day,” said Larry Kosmont, president and chief executive officer of Kosmont Cos., a Los Angeles-based real estate and economic development firm. “We’re just going to work hard, some of the bills will pass, and likely all of them will die. None of them will get approval by the governor, in my opinion.”