Governator Says Hasta La Vista to Fire Sale Critics

Governor Schwarzenegger is none too pleased with officials opposed to his plan to sell off $2 billion in California real estate. Last month, the Governator replaced two longtime appointees on the SF State Building Authority and critics of the plan; now two fired officials in Los Angeles are also blowing the whistle on the project, which was approved by the legislature last year. The dozen or so properties, including the SF Civic Center, have been dubbed the "Golden State Portfolio" -- but despite their high value, California stills owes bonds on the buildings which will make the profit only $660 million, or about 3 percent of the deficit. Said one of the former LA officials: "It's like getting a pail of water to help the Titanic not sink." Well when you put it that way, I guess we might as well just kick back and break out the string quartet. [AP]