By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
RDA holdings: $3.15M loss?
Forced sale includes court complex site & Qualex building
RDA
The former Qualex building one envisioned as Mantecas police station could sell for a $2.2 million loss.
Four properties bought with Manteca Redevelopment Agency funds —including a 3.1-acre high-profile commercial parcel at Airport Way and Daniels Street — are destined to go on the auction block in 2014.The four parcels have a current estimated market value of $6.2 million.They are part of eight parcels the RDA owned when it was disbanded along with other redevelopment agencies statewide by the California Legislature. State law requires the city meet certain criteria for transferring the parcels to municipal ownership. Parcels that don’t meet such tests must be sold.