It’s understandable that California leaders are grasping at straws in an effort to identify revenue to stanch the bleeding in a budget that may be $26 billion in arrears.
But selling some of the prime real estate where California does business is not the answer.
Those buildings that may be sold include state buildings in Los Angeles, Oakland, San Francisco and Santa Rosa that house WCAB district offices.
This sale would increase long term costs to the state. The sale does nothing to achieve the mix of revenue increases and program terminations that will be inevitable in any long term fix.
Opposition has surfaced. There’s now a lawsuit trying to block the sale.
Filed by the Burlingame firm of Cotchett, Pitre and McCarthy, the suit seeks to nix the sale, which is set to close in mid-December (disclosure here: my son works at the Cotchett firm, but isn’t involved in the case).
Why should our state sell off its prime properties only to face escalating rental costs for properties which are absolutely necessary for the core process of governing?
It’s stupid, and it’s sad.
Category: Political developments