state buildings

State Capitol News
1:13 pm
Wed January 11, 2012

Brewer Wants Legislature to Buy Back Buildings

Citing the state's upcoming 100th birthday, Gov. Jan Brewer on Monday asked lawmakers to buy back three buildings at the Capitol that were mortgaged off two years ago to balance the budget.

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.

Read more