Last month the council voted 3-2 in favor of a land value recapture program. It might be the only city in the state to try this strategy, according to Hermosa Beach city officials and analysts who drafted the policy.
Land value capture is a policy where a city government seeks to recover and reinvest land value increases, according to a definition from the Organization for Economic Co-operation and Development.
[
Collection
]
[
|
...
]