Search
 

Will Economy Stop CEQA?

A local official proposes suspending the environmental act in order to help development.

By Debra Hazel | Updated on September 11, 2009

Environmental legislation and regulations might go the way of the dodo bird–at least temporarily–if some California real estate experts and local officials had their way. The State CEQA and even the federal NEPA regulations are blocking much-needed development to boost the economy, said speakers at ICSC’s Western Conference, held last week in San Diego.

Sustainability standards were among a number of topics discussed by leaders at the Federal, state and local levels at the conference. Key was the effect of all on a still-troubled economy, particularly in California, one of the epicenters of the Great Recession. Even efforts to help have not been as effective as all would have liked.

“We passed a massive stimulus package in February,” saud US Representative Cathy McMorris Rodgers (R-Wash.). “It’s disappointing to note only 24% of it has been authorized to be spent, and the rest is working through the process.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.