Mysterious Secretive Consortium Really Pissed off that They Can’t Buy State Landmark Buildings in Sweetheart Deal that would Cost California Billions in Needless Rent, Sez They’ll Sue
Remember this story? A bunch of well-connected cronies wanted to buy all those state buildings and rent them back, with the deal rushed through the waning days of the Governator’s final term? It’s Ba-a-a-a-a-a-ack!
The mysterious consortium goes to court after Gov. Brown nixes deal to sell 11 buildings
By ELIZABETH LESLY STEVENS, Bay Citizen on March 11, 2011 – 4:34 p.m. PST
Photo, right: Adithya Sambamurthy/The Bay Citizen
The California Public Utilities Commission Building is included in a controversial plan for the state of California to sell 11 office complexes to a group of private investors, then lease the space for 20 years
The controversial deal to sell state office buildings is headed to court.
Late Thursday, attorneys for the would-be buyers, California First, filed suit in a state court in Los Angeles, trying to get the court to force the state to go ahead with the deal. “A deal is a deal,” California First says in the suit. No further information about the identity of the California First partners appears in the legal filing, and the group’s attorney did not immediately return a call requesting comment. The group also appears to be paving the way to sue the state for damages if the sale does not go through.
That’s the American way, all right. If you don’t get your insanely profitable deal done via friends in high places because a bunch of crybabies point out your doing so is probably illegal, sue their pants off! Also, sue their pants off while refusing to identify exactly who you are, maybe by hiding your faces with those pants you collected. Yes, we still don’t know exactly who wants to buy these buildings, but they’re mighty unhappy the sale was blocked and they’re going to court to make it happen.
Just remember what we learned last time we covered this topic: it’s probably a bunch of foreigners with cash not only on the sidelines but in both end zones and all the luxury boxes. According to the Matt Taibbi article we linked to, there’s a good chance it’s oil money. The last thing they need is for anyone to find out who they are.
Can we declare a moratorium on selling infrastructure to foreign investors? There must be a few Google gazillionaires who want their very own bridge or judicial building. Maybe Jerry Brown would be okay selling to in-state private investors instead. Mark Zuckerberg hasn’t bought himself a house yet, think he’d like to own something with a big state seal on it? And Larry Ellison, he’d buy it just so Jim Clark couldn’t buy it first. Problem solved!