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Appeals court halts sale of state buildings

The controversial sale of 11 state properties was stalled Monday when a California appeals court issued a stay of the transaction, probably delaying it until January.

Opponents of the sell-off, who had lost in Superior Court on Friday, cheered the decision.

“This is a great day for the people of the state of California,” said attorney Joseph Cotchett. He called the transaction, in which the state would lease back office space in the buildings they are selling, a bad deal for taxpayers.

Read the full story at http://latimesblogs.latimes.com/california-politics/

Comments () | Archives (2)

Any Capitalist will tell you, never sell any of your Capital! Our buildings are our Capital. The idea of selling even one building, when we could rent out any building that we are not using to bring in income, is insane. We could never get enough money for those buildings, to off-set the cost of renting them back. The plan of the governor to do this, which he forced on the Legislature, was done for the benefit of the consortium that would buy the buildings, not for the benefit of the People of the State of California. No doubt, it was self-dealing, and not at arms length. * Would we sell the State Parks? I would hope not, but no doubt the people who want to sell the buildings that belong to the People, would love to sell the State Parks to Private Corporations. They want Private Corporations to own everything, and the People to own nothing. These are the same people who want to privatize Social Security. They would sell the White House if they could, along with the Lincoln Memorial. * Let's hope that the Courts can hold this up long enough for the new governor and legislature to take office, and change the law, so these buildings can't be sold. These are things that the People own for the benefit of the People, not for the benefit of Corporations and some people.

Now if only the courts would stop all the other bad deals for taxpayer, life would be good in California.


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