CRA Mishandled 7 Real Estate Deals

An audit discovered that the Los Angeles Community Redevelopment Agency paid $1.57 million more than appraisals for land.

1 minute read

November 28, 2000, 9:45 AM PST

By Gwen Hilburn

Not only did the CRA pay more than its own appraisals warranted, but they also failed to use competitive bidding in awarding contracts, according to the City Controller. The DA has been asked to investigate. No specific employees have been cited.

Thanks to Gwenn Hilburn

FULL STORY: CRA Paid $1.57 Million More Than Appraisals in 7 Deals, Audit Finds

Tuesday, November 28, 2000 in The Los Angeles Times

Community / Economic Development California

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