[Source: Examiner.com] — Desperate for cash, Arizona state lawmakers are considering selling the House and Senate buildings, then leasing them back over several years before assuming ownership again. Dozens of other state buildings may also be sold off and leased back as the state grapples with a huge budget deficit. Other “candidate properties” range from state prisons and the mental hospital to run-of-the-mill state office buildings and Kartchner Caverns State Park, the crown jewel of the system.
Under the complex financial arrangement, state government services would continue without interruption while the state picks up a cash infusion estimated by Capitol number-crunchers at $735 million. [Note: To read the full story, click here]