From CapitolAlert, here’s the latest on the sale of the state buildings:
Superior Court Judge Charlotte Woolard rejected a bid for a temporary restraining order by two former building officials who claimed the sale is illegal and a waste of taxpayer money.
Opponents of the sale said they will appeal the decision Monday, hoping to block escrow from closing Wednesday.
Gov. Arnold Schwarzenegger and the Legislature last year approved selling properties statewide to raise money in the budget crisis, netting about $1.3 billion. Andrew W. Stroud, a lawyer representing Schwarzenegger, said lawmakers appropriately approved the transaction.(SacBee)
The leaseback program is going to be a big net cost for the state, after all, it has to be for somebody to pay $1.3 billion for it. Frankly, the privatization of our state facilities is just a bad idea, in the short and long term. It’s a result of our failed political system to reach any sort of budget agreement that can be achieved without a slew of gimmicks.
Jerry Brown hasn’t officially said whether he supports the sale of the buildings, but this just might drag on to his term if attorneys for the opponents of the sale can get a stay before next Wednesday. We’ll keep an eye on this case.