The Selling of California -Literally

The following is a list of the state owned facilities Gov. Schwarzenegger has proposed
to sell in the effort to help close California's $24.3 billion deficit:

- San Quentin State Prison, Marin County
Estimated value: $1 billion
- Del Mar Fairgrounds, Del Mar
Estimated value: $350 million to $650 million
- Orange County Fairgrounds, Costa Mesa
Estimated value: $96 million to $180 million
- Cow Palace, Daly City
Estimated value: $40 million to $75 million
- California Exposition and State Fair, Sacramento
Estimated value: $80 million to $150 million
- Ventura County Fair, Ventura
Estimated value: $37 million to $70 million
- Los Angeles Memorial Coliseum and Sports Arena, Los Angeles
Estimated value: TBD
- California Department of Justice Building, Sacramento
Estimated value: $132.2 million.
- California Office of Emergency Services, Sacramento
Estimated value: $33.6 million.
- Capitol Area East End Complex, Sacramento
Estimated value: $463.9 million.
- Elihu M. Harris Building, Oakland
Estimated value: $166.7 million.
- Franchise Tax Board Complex, Sacramento
Estimated value: $396.7 million.
- San Francisco Civic Center (Earl Warren/Hiram Johnson building),
Estimated value: $357.6 million.
- Junipero Serra State Building, Los Angeles
Estimated value: $76.4 million.
- Justice Building, Sacramento
Estimated value: $34.1 million.
- California Public Utilities Commission Building, San Francisco
Estimated value: $124.9 million.
- Judge Joseph A. Rattigan Building, Santa Rosa
Estimated value: $7.8 million.
- Ronald Reagan State Building, Los Angeles
Estimated value: $181.9 million.

Even if these actions occur, it will only make up $3.5 billion to $4 billion of the needed deficit.
Is it worth it?  What's your thoughts?  Let's us know!



tjohnson@CaliforniaBusinessMinute.com


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