Governor to announce plan to sell fairgrounds

Gov. Arnold Schwarzenegger was expected to release a revised budget plan today that suggests the state-owned Del Mar Fairgrounds be put up for sale to help solve California’s financial woes.

Schwarzenegger’s team estimates that selling the 400-plus acre coastal
landmark, along with several other state properties, would raise as much as $1 billion, The San Diego Union-Tribune reported from Sacramento.

“It’s shocking to me” Fairgrounds director Michael Alpert told the
newspaper. “I know these are very tough times, but I can’t even imagine (it).”

The Del Mar Fairgrounds dates back to the late 1800s, when local farmers organized the county’s first agricultural fair there. In the 1930s, horse racing was introduced on the site to help fund the fair.

As of today, California has a budget deficit of more than $15 billion
and that number could jump to $21 billion if voters reject the propositions in Tuesday’s special election, according to published reports.

Other well-known properties the governor would like to see sold include the Orange County Fairgrounds, the Ventura County Fair, the Los Angeles Memorial Coliseum, San Quentin State Prison on San Francisco Bay, Cow Palace in Daly City and the Cal Expo fairgrounds in Sacramento.

Related posts:

  1. Fairgrounds officials try to sell naming rights
  2. DM Fairgrounds budget includes belt-tightening
  3. Del Mar Fairgrounds clarifies furlough confusion
  4. DM Fairgrounds sells naming rights to Albertsons
  5. Fairgrounds stable despite recession

Short URL: http://www.delmartimes.net/?p=4007

Posted by Pat Sherman on May 14, 2009. Filed under Archives. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Archives

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

LA JOLLA NEWS

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS

  • Next step in Rancho Santa Fe Garden Club sale likely to be mid-October
    The Rancho Santa Fe Garden Club board won’t likely make a decision on the sale of its clubhouse until mid-October, according to co-president Fred Wasserman. The 1.04-acre property, home to the 7,974-square-foot clubhouse, has been listed with Colliers International and the realtors are handling all offers submitted. Nobody on the board is discussing the offe […]
  • Rancho Santa Fe water district director resigns after qualifying for ballot
    An announcement by John Ingalls, a 12-year veteran of the Santa Fe Irrigation District board, that he would immediately step down from his seat and not seek a fourth term, means that none of the three open seats on the panel will be contested at the voting booth this November. Ingalls, a Rancho Santa Fe resident who had filed his papers to run for a fourth t […]
  • Rancho Santa Fe resident among seven new trustees joining UC San Diego Foundation Board
    Proactive stewards, higher education advocates and expert financial strategists, UC San Diego Foundation trustees play an important role in cultivating community partnerships and garnering resources to support UC San Diego research, teaching and public service initiatives. Trustees govern the Foundation, including managing net assets totaling $717 million, i […]