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STATE APPEALS DECISION FAVORING TWENTYNINE PALMS’ PROJECT PHOENIX BONDS

This past April, the City of Twentynine Palms won a round in its legal struggle with the California Department of Finance over the proceeds of bonds that the City issued to finance the Project Phoenix development effort. At that time, a judge ruled “that nothing in the redevelopment laws preclude[d the City] from using the bond proceeds for Project Phoenix and related public improvements.” There having been no further word about Project Phoenix from the City since that time, Z107.7 asked Twentynine Palms Interim City Manager Andy Takata yesterday about the status of the issue. He told us that the Department of Finance has appealed the April decision. Takata added that the City plans to issue a press release on the matter next week.


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