Sale Leaseback Legal!

Anthony Pignataro:

Great news for everyone who thinks that the Great State of California can help balance its budget by selling 11 office buildings for about $1.3 billion and then leasing them back over the next 20 years at a cost of $1.4 billion: today Superior Court Judge Charlotte Woolard ruled that the proposed sale-leaseback deal is legal and can go forward (click here to read my colleague Katy Grimes’ take on the deal).

We’re saved! And by “saved,” naturally, I mean “doomed.”

DEC. 10, 2010

No comments

Write a comment
No Comments Yet! You can start the discussion, add a comment to this post.

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Related Articles

State Vehicles Subjected To CARB Requirements

Katy Grimes: In an interesting twist of irony, the state is now subjected to California Air Resources Board (CARB) rules

No Free Lunch

Laura Sucheski: The California Budget Project, our favorite left-leaning “non-partisan” budget analysis organization, released a budget brief today titled “No

CalWatchdog Morning Read – August 5

Assembly challenger tries to make campaign issue of unreleased tax returns Stockton mayor arrested Deal reached on civil asset forfeiture bill