Another Twist in Sale of California State Buildings

As you know California is hard up for money, so our previous governor designed a deal to sell off a bunch of state buildings, including the San Francisco Civic Center, and then rent them back to get a big inflow of cash to plug up budget holes.  Governor Schwarzenegger tried and failed to close the deal before he left office leaving Governor Brown the opportunity to kill the deal.  I’m guessing there will come a time in the future when we’ll be sad that someone, other than ourselves, owns all these public buildings.  that being said the state does need cash, so it looks like some tough decisions are ahead of Governor Brown. Click HERE to read the whole story in the LA Times.

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