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Author Topic: Arizona possibly selling legislature buildings to raise money  (Read 1729 times)

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Low-Eight

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Re: Arizona possibly selling legislature buildings to raise money
« Reply #1 on: July 29, 2009, 02:43:19 PM »

hahaha desperate times, eh?  I guess before it's over they'll all be trying that.
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Sam Gunn (since nobody got Admiral Naismith)

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Re: Arizona possibly selling legislature buildings to raise money
« Reply #2 on: July 29, 2009, 04:52:15 PM »

Makes a lotta sense :-|
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Alex Libman 14

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Re: Arizona possibly selling legislature buildings to raise money
« Reply #3 on: July 29, 2009, 08:37:53 PM »

How much for the NH State House?
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Andy

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Re: Arizona possibly selling legislature buildings to raise money
« Reply #4 on: July 30, 2009, 06:02:10 AM »

Who would want it?

I guess someone could turn it into a theater but most of them are state funded anyway.

NuroSlam

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Re: Arizona possibly selling legislature buildings to raise money
« Reply #5 on: July 30, 2009, 06:14:06 AM »

Woohoo, the collapse is on! Fall AZ, Fall HARD! I hope the police stations are next so the can be shut down and bulldozed

(looking out my back door in the direction of the state house in phoenix)


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libertylover

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Re: Arizona possibly selling legislature buildings to raise money
« Reply #6 on: July 30, 2009, 07:57:24 AM »

I didn't read the whole article but stopped when I read this.  They plan to sell the legislature then lease it back from the buyer over time.  This will be a real stupid test for some rich person.  That is if they are too dumb to realize the state has the power of eminent domain.  The state sells the building for 735 million.  Then when real estate prices tank they force an eminent domain on the property and purchase it back for pennies on the dollar at its new market value.  If someone is dumb enough to trust a state in such a sell they are idiots.
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Alex Libman 14

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Re: Arizona possibly selling legislature buildings to raise money
« Reply #7 on: July 30, 2009, 08:08:56 AM »

Who would want it?

I guess someone could turn it into a theater but most of them are state funded anyway.

Well, one privatization plan would make all people who've paid trackable state taxes (just the property tax in NH's case) stakeholders in a holding company that would own those assets, which would most likely be interested in selling them off to the highest bidder.  If I had to make a prediction, I think private schools / universities would be a major growth segment as the result, and the State House building could be just another lecture hall, or maybe also a museum.
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