LOS ANGELES -- Lingering legal questions surrounding a new infrastructure financing method have prompted California's local bond issuers to shy away from the tool, according to redevelopment agency officials.

More than 150 redevelopment specialists gathered Friday in Los Angeles at a conference that included a discussion of the pitfalls and benefits of creating infrastructure financing districts, a funding method created by the state Legis- in 1990 to help local governoments pay for the needs associated with the state's population growth.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.