Grand jury report flags city redevelopment effort

UNION-TRIBUNE

2:00 a.m. May 18, 2009

The city's redevelopment operation, including the Southeastern Economic Development Corp. and Centre City Development Corp., needs better oversight and more openness, a new grand jury report says.

The recent ethical, financial and legal problems at the SEDC and CCDC, the 18-page report said, resulted from a lack of transparency about those agencies' finances and operations. Both agencies are quasi-independent nonprofits. The CCDC guides city redevelopment efforts downtown and the SEDC east of downtown.

About a year ago, the grand jury released a similar report, and the mayor is proposing some changes to the city's reporting structure with the two agencies. –H.G.

http://www3.signonsandiego.com/stories/2009/may/18/grand-jury-report-flags-city-redevelopment-effort/