clock menu more-arrow no yes mobile

Filed under:

State Buildings To Remain State-ish

New, 3 comments

The sale of the buildings really didn't make much sense" Says Governor Brown, repudiating this morning one of Arnold Schwarzenegger's most precious legacies- the sale of state buildings to private entities with a leaseback. Revenues from the eleven buildings would have contributed $1.2B to the 2011 budget. We may be liable for a $50M non-performance penalty written into the deal. Onwards. [SF Gate]