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52%  
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Keyword: smokeandmirriors

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  • Brown drops controversial plan to sell state buildings

    02/09/2011 10:38:13 AM PST · by SmithL · 15 replies
    San Francisco Chronicle ^ | 2/9/11 | Wyatt Buchanan, Chronicle Sacramento Bureau
    Sacramento -- California will not go through with its controversial plan to sell state buildings then lease them back to help plug the budget deficit, Gov. Jerry Brown announced this morning. The proposed sale of the California Supreme Court headquarters in San Francisco and ten other buildings would have raised $1.2 billion for the state but critics argued that the state ultimately would have lost $1.4 billion by leasing back those buildings over a 35 year period."The sale of the buildings really didn't make much sense,"...