by CalWatchdog Staff | December 10, 2010 3:45 pm
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
Source URL: https://calwatchdog.com/2010/12/10/sale-leaseback-legal/
Copyright ©2020 CalWatchdog.com unless otherwise noted.