This plan will give Cali a one-shot cash infusion, which will be promptly WASTED on public union pensions! Then, Cali will be WORSE off than before! This is really quite a story of governmental INCOMPETENCE! But, nothing can stop THAT.
Maybe then they will have to cut staff so they can move out of some of those buildings and the investors can lease them to someone who can afford them. Might be the only bright spot on the horizon.