432 waterfront acres includes exercise yard
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California legislators looking to make a dent in the state budget deficit have their eyes on the potential sale of some waterfront property. From the Wall St. Journal:
SAN QUENTIN, Calif. -- Even amid the real-estate bust, waterfront property in the San Francisco Bay area is a luxury few can afford. That’s why some California lawmakers want to sell San Quentin State Prison -- which houses more than 5,300 inmates on prime land with stunning views of the bay -- to developers who might pay as much as $2 billion. State Sen. Jeff Denham, who has sponsored a bill to sell the complex of historic buildings for private development, thinks the proceeds could help replenish California’s recession-depleted coffers. ‘I believe maximum-security inmates shouldn’t have waterfront property,’ said Mr. Denham, a Republican from Modesto, in the state’s Central Valley.
The idea doesn’t jibe with Gov. Arnold Schwarzenegger’s expansion plans for San Quentin’s death row to the tune of $356 million. Still, 432 acres on a Marin County peninsula sounds like prime real estate.
-- Lauren Beale
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