State sells 20 properties for $735 million (incl. State Capitol. ARIZONA)

AZ Family.com ^ | 1/14/10 | Frank Comacho

[Daisyjane69]

PHOENIX -- The state sold more than 20 properties Thursday, including prisons, the state Capitol and both legislative chambers, for $735.4 million at a targeted interest rate at just over 4 percent.

[Daisyjane69]

wow

[Still Thinking]

I heard someone on the radio yesterday, I think it was JD Hayworth on his show, ridiculing the state government for trying to make the state look like an attractive location for businesses when they’re having to sell their own buildings and rent them back. Doh!

[Huskrrrr]

I hear the “John McCain Public Library” went cheap.

[Daisyjane69]

now THAT was funny, right there!

:)

[Mother Mary]

Who bought it?

[Sopater]

Who bought them? Dubia?

[Mobties]

The proceeds of these sales .... are to retire existing debt or simly to meet expenses?

If the latter, what does the plan say about what gets sold next year .... and to whom?

[bIlluminati]

Here in Ohio, they just auction off legislators.

[ridesthemiles]

Here in Ohio, they just auction off legislators.”

Also in Nebraska- Ben Nelson

[GeronL]

Apparently the money is going to be taken away by the feds and put into an annuity that pays Arizona $800 a month. tax free.

[GeronL]

this is parody right?

[Still Thinking]

Oh no. They’re selling the buildings.

[Still Thinking]

Ongoing costs. About future plans, other than to surmise they may be hoping the economy will bottom out and tax receipts will pick back up. Manet Napolitano did a lot of damage to the state with a lot of new spending when she was here. Glad to be rid of her, but sorry for the rest of you!

[GeronL]

How can it even be legal to sell the Capitol? Don’t the “people” own these buildings?

And the money is already spent. geez. what happens next year?

[Still Thinking]

I know. They’re idiots. Manet’s “Republican” replacement isn’t as big an improvement as she should be.

[Still Thinking]

Who bought it?

Don't know.

[norton]

"And the money is already spent. geez. what happens next year?"

I've always had my eye on the grand canyon.

[Oldpuppymax]

Of course the real question is, why were these “State” properties to begin with??!!

[GeronL]

lol

[MissDairyGoodnessVT]

darn shame they had to sell-.......shoulda’ hocked it off to the A-rabs