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California Landmarks May Be Put Up for Sale

Posted on Jun 6, 2009

Gov. Schwarzenegger’s newest proposal to close the Golden State’s budgetary gap: selling some of California’s biggest landmarks, including the L.A. Memorial Coliseum (right), the California State Fairgrounds and the San Quentin prison. Because the proposed sales might come during a slumping real estate market, there are questions about whether taxpayers would be getting a good deal.

The Guardian:

Gov. Arnold Schwarzenegger’s plan to put some of his state’s biggest landmarks up for sale to help erase a $24 billion budget deficit is fraught with questions, chief among them: How can California taxpayers possibly get a good deal in this slumping real estate market?

Schwarzenegger, who has also proposed deep cuts in education, health care, welfare and parks, wants to sell off some property outright, sell office buildings and then rent them back from the new landlords, and lease some state land to developers.

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By bubbles, June 24, 2009 at 7:57 pm Link to this comment
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These landmarks belong to the people of California, not to Arnold and his rich friends. This man is the biggest disaster I have ever seen in my life. He simply doesn’t care who gets sacrificed.

Californians are willing to endure a modest increase in the vehicle license fee—15 dollars—which would bring in billions. But Arnold won’t sign it. He would rather issue IOUs that will increase the debt and the deficit by billions of dollars. It seems like the wants to crash this state. I wish we could recall him or impeach him or deport him.

For as long as he has been in office there has been a budget “crisis.” It won’t stop until he leaves.

Oh, and thanks for helping us Obama. I will be sure to ignore you in 2012.

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By Edensasp, June 8, 2009 at 11:23 am Link to this comment
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I am all for selling these “taxpayer” burdens off there a drain on our economic resources, I also agree with the selling off of other state owned structures…like the Governors mansion… .... Perhaps retrofitting San Quentin into an amusement park…literally sell off the structure to that guy in Az who bought the london bridge and move it and build one awesome theme park… California operated… Creating jobs and revenue… Any money generated from the sale of these properties is going to be more in return than was actually purchased for to begin with. Sell em Arnold… sell em all.  Next on the Auction block….The Whitehouse.

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By samosamo, June 7, 2009 at 3:53 pm Link to this comment

You know, even with the blatantly bad governing of california by arnold, I bet there are still are a load of celeb freaks who are all too willing to toss out the requirement of ‘natural born’, to be a president, which would appropriately rest in the garbage with all the other parts of our constitution that have gotten in the way of the oligarchy ruining this country for their benefit.

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By boggs, June 7, 2009 at 1:37 pm Link to this comment

The only landmark Arnold should be allowed to sell is the Govnors mansion. I’ve never seen a poor govenor who couldn’t afford to provide his own home.
How many employers provide luxury homes for their employees?
Arnold was a clown when California ousted Davis and Arnold is still a clown.

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By Smoove, June 7, 2009 at 11:11 am Link to this comment
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I’m curious to know how much it costs the state to maintain these landmarks (the LA Coliseum is kind of a dump).

Methinks we should put it all up on Ebay and let’s get to it! The less things those clowns in Sac-town have to mismanage, the better.

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By samosamo, June 7, 2009 at 10:01 am Link to this comment

How much more of a debacle before running another ‘recall’ vote to find another celebrity to ‘fix’ california?

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By PatrickHenry, June 7, 2009 at 9:02 am Link to this comment

California needs to raise the state and local taxes on the rich (1 million plus income) living there and there are many.

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By Jon, June 7, 2009 at 8:33 am Link to this comment
(Unregistered commenter)

What stupidity.  Arnold is just grandstanding and in this case he will end up handing over California’s key icons to the rich developers and will not address the state’s revenue issues one bit.  The sum he will get won’t even be the round off error in the CA budget deficit.

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By TheHandyman, June 6, 2009 at 7:22 pm Link to this comment

Hooray, what a better time to help out all those people who made Ahnold what he is today, the rich, the developers, the landlords, the bankers, the corporations he gave tax breaks to. I mean, if you can sell the legislators and governor, then why can’t you sell off everything that belongs to the People of the state, and do it at bargain prices. Is he going to sell off the roads, rivers, and air too so we will have to pay some private concern to use them? That ought to make all our lives really interesting. And if you continue to shrink education down to where only the very rich whose children are, you know, oh so much more deserving than anyone else’s children, then the the peasents won’t even know how it used to be before fuedalism became our way of life again. I can’t hardly wait to experience that which my ancient ancestors gave their lives to eliminate, fealty to the Overlords! Will Ahnold declare himself Emperor or will he just designate himself King and declare the Divine right of Kings to be the law of the land?

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By Zach, June 6, 2009 at 3:06 pm Link to this comment
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Why is it that the middle class and poor are the only ones expected to pay the brunt of the economic crisis and the only ones who can take advantage of this crisis are the rich and blood thirsty California Republican politicians (included among them ex-cons) who put Schwarzenegger into power?

California needs to be rescued from the corrupt powers who ruin it.

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By Bill Jones, June 6, 2009 at 2:13 pm Link to this comment
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“the British trying to sell London Bridge”.

This would be hard to do. They sold it to some dumb American back in the late 60’s- rumor has it that he thought he was buying Tower Bridge.

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By Outraged, June 6, 2009 at 12:57 pm Link to this comment

Article quote: “Democratic state Sen. Rod Wright said lawmakers should be careful about holding a fire sale of valuable landmarks.

“When New York was in the middle of a crisis, they never considered taking out Central Park,” Wright said. “It would be like the Romans trying to sell the Trevi Fountain or the French trying to sell the Arc de Triomphe or the British trying to sell London Bridge. Those are landmarks.

This exemplifies how seriously corrupt “Mr. Testicular Trollop” really is.  He is undermining all taxpayer funds which enhance the lives of the people of California (education…etc), and in addition he’s attempting to completely decimate the public property of Californians for his crooked accomplices.

Throw him out of office before there’s nothing left!  Better for California to drop off into the Pacific than to spend another day under the despot Schwarzenegger.

Imagine the price of a “missle of death” (hot dog) at the PRIVATELY OWNED, publicly rented State Fairgrounds…...$42.50!

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