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Twenty four buildings belonging to California State are to be sold to the
private investors with intent to be leased back. The drive behind this move is
to gain some much needed cash to pay off some of the State’s debt. It is
projected that through this transaction state will generate over 2.billion in
much needed cash. One of the buildings and the largest is the Ronald Reagan
State Building in downtown Los Angeles.
Arizona's state buildings -- including the Capitol, the governor's office, the
state hospital and state prisons -- go on sale today as the financially pressed
state tries to raise money to plug a $4.5 billion deficit.