Arizona
Related: About this forumSold in 2009, AZ GOP now wants to buy back State Capitol buildings
In 2009 the Republican SOLD the state Capitol Buildings. Now they want to buy it back... At a $24 million dollar loss (plus rent).
http://www.yumasun.com/articles/state-75831-brewer-arizona.html#ixzz1jA7WWe2B
I'm guessing some Brewer crony is making a killing here. This has to be the only property in Arizona that has "increased" in value in the past five years.
Make7
(8,543 posts)And truly surprising!
I can think of plenty examples of privatization and/or deregulation that ended up costing taxpayers/consumers more money, but am somewhat foggy on examples of it leading to significant savings.
Voodoo economics.
zbdent
(35,392 posts)were supposed to save taxpayers millions of dollars ... silly me ...
mvccd1000
(1,534 posts)I have mixed feelings. I thought selling the buildings was a short-sighted move, but it was done to help make up budget shortfalls. Now that the budget looks better (on paper, anyway), I would support getting the state buildings back where they belong - under the ownership of the state.
It's the $24 mil that gives me some heartburn, though... not only were they so short-sighted as to sell the buildings, they didn't even see fit to include a clause that would let the state buy them back without taking such a huge loss?
Funny the mirror image between our politics and those on a national level... our legislators are so whacky that you could run a trained lab rat and beat them, but az dems can't manage to rise to that level. On the national stage, Obama's ratings are so dismal that the repubs could run a village idiot and beat him, but they can't even come up with a candidate who rises to that level.
It seems like the system is broken beyond repair, worse than it's even been before. Then you go and read some Mark Twain political essays and realize that it was just as bad (if not worse) 150 years ago. I suppose we'll keep limping on just as we've been doing since the 1800s.