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  Arizona Wants to Buy Back State Capitol It Inexplicably Sold
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ContributorRP 
Last EditedRP  Jan 13, 2012 02:28pm
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AuthorTim Murphy
News DateWednesday, January 11, 2012 03:30:00 PM UTC0:0
DescriptionArizona's decision to sell off the state capitol (and a whole bunch of other state properties, such as maximum security prisons) for $735 million in 2009. Republican Gov. Jan Brewer signed off on the deal, and the state now leases the House and Senate chambers from a private real estate company at a considerable long-term cost.

The move will cost the state $105 million out of its current budget surplus. Brewer press aide Matthew Benson said the state has the cash.

Benson acknowledged the state actually got only $81 million for the state House, the Senate and the nine-story executive tower that includes Brewer's office when it negotiated a "sale-leaseback" arrangement in 2010...

"Most of our Capitol complex, including the building we gather in today, is not ours,'' Brewer said in her State of the State speech delivered in the House building. "So ... to make all of our Capitol truly ours once again, I'm asking that you send me a bill by Statehood Day that allows me to buy back the Capitol.''
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