California Landmarks May Be Put Up for Sale
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, 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.
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.
Your support matters…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.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
The current lobbying push has links to a former disaster involving Mike Pence. Plus, Scott Pruitt’s industry connections run deep, and Trump Org had big plans for Soviet states.
The parallels between the two are striking: Both capitalized on celebrity worship and voter discontent, neither had previous political experience and each is renowned for using sheer muscle—of one sort or another—to make their way in the world.
Some of Hollywood's biggest guns are throwing their weight behind the drive to persuade society that climate change is a real problem that deserves to be taken seriously.
A look at the day's political happenings, including the country's new secretary of state, President Obama's immigration reform plan and some bad news for Texas Gov. Rick Perry.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.