Pleasanton spared Livermore's financial anguish | November 15, 2013 | Pleasanton Weekly | |

Pleasanton Weekly

Opinion - November 15, 2013

Pleasanton spared Livermore's financial anguish

The new year may not be a happy one for our friends in Livermore following a ruling last week that funds that were part of the city's Redevelopment Agency cannot be used to build the proposed multi-million-dollar Livermore Valley Performing Arts Center. Also involved in a decision by Sacramento Superior Court Eugene Balonon are debt obligations used to construct and operate the Bankhead Theater in downtown Livermore. While theater aficionados are no doubt disappointed, the decision by Judge Balonon was a good one for taxpayers who would have otherwise been obligated to pay down the debt over the next 30-50 years.

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