Costa Mesa offers to buy Orange County Fairgrounds from state
The Costa Mesa City Council has proposed that the city purchase the Orange County Fairgrounds from the state for $96 million, the minimum price state officials had been looking to fetch from a sale as a way to help close the state budget deficit.
The proposal was made in Sacramento on Wednesday during a visit to the governor’s office by Councilwoman Katrina Foley, Councilman Gary Monahan and City Manager Allan Roeder. The Daily Pilot has more details.
What's unclear is how the budget-challenged city would pay for the purchase. The proposal specified that, apart from offering $96 million for the 150-acre property, the city would commit to closing the deal no later than Oct. 31, 2010.-- Mona Shadia in Orange County