“...assuming someone has the capital and use for the buildings to want to buy them, of course.”
Presumably the new owner would lese them back to the gvt.
It’s a way to get cash out in an emergency. Kind of like Chicago selling its parking meters.
But you can’t eat the seed corn forever.
I wonder what the terms of the lease are...
Union labor required for maintenance?
Cost plus profit of x % allowed each year?
But, CA just privitized the operation of the buildings - which could potentially SAVE money in the long run.
At least some folks will no longer be covered by CALPERS...