L.A. City Council Cites Risks & Opts Out, LB City Hall Quietly Lets Choice Deadline Pass And Is Now "Successor Agency" To LB Redevelopment Agency

(Jan. 15, 2012, 3:55 p.m.) -- Earlier today on LBReport.com's Big News Sunday:

Millions in public assets, debts and potential taxpayer costs and liabilities were at stake but LB City Hall quietly let a crucial Jan. 13 deadline pass to opt-out of becoming "successor agency" to its Redevelopment Agency. Hear / see what Los Angeles City Councilmembers and taxpayers were told by their officials that led L.A.'s City Council (and some other CA cities) to say "no"...while LB City Hall has scheduled a mainly symbolic vote on Jan. 17 -- after choice deadline -- to say "yes."