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State To Direct $70 Million In Cap And Trade Money To Fresno

Jeffrey Hess/KVPR
Mayor Ashley Swearengin

The State of California is promising to spend an unprecedented amount of new money investing in Fresno. The state is planning tens of millions of dollars from its cap and trade funds.

Governor Jerry Brown is recommending spending $70 million of cap and trade money in Fresno.

The funds come from pollution credits and are set aside to aid the most heavily polluted and poor areas.

The City of Fresno expects to get half of all the climate change money that the state has designated for those communities.

Fresno Mayor Ashley Swearengin says this is a huge boost to development in downtown Fresno…

“These dollars can be spent for revitalization. For projects that would help support cleaning our air, building our local economy and improving the quality of life in the heart of our city which we know is desperately in need of repair,” Swearengin said.

Swearengin says the money will likely be spent on projects like mixed use housing around the high-speed rail depot, enhanced public transportation options, and more urban green space.

According to the city, this is the largest single investment ever made by the state in Fresno.

Jeffrey Hess is a reporter and Morning Edition news host for Valley Public Radio. Jeffrey was born and raised in a small town in rural southeast Ohio. After graduating from Otterbein University in Columbus, Ohio with a communications degree, Jeffrey embarked on a radio career. After brief stops at stations in Ohio and Texas, and not so brief stops in Florida and Mississippi, Jeffrey and his new wife Shivon are happy to be part Valley Public Radio.