Thursday Must Read: Brown Blocks Sale of State Buildings; Is There a Redevelopment Compromise in the Works?

Stories you shouldn’t miss:

1. Governor Jerry Brown has scuttled a controversial plan to sell eleven state-owned buildings, including one in Oakland, the Chron reports. The proposed sale would have netted the state about $1.2 billion this year, but Brown said the plan would have wasted money over the long-term because California would have to spend $6 billion over the next 35 years to lease back the buildings for use. Former Governor Schwarzenegger originally proposed the building sale.

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