Government-Near-You Liquidation Sale: ALL PUBLIC ASSETS MUST GO !!!!

[marmar]

(CNN) State and local governments are in desperate need of cash for all manner of road, building and bridge repair, and are increasingly turning to private money for funding.

But the involvement of private investors is raising concerns over how much control the public may lose over its roadways.

Companies putting up the money include construction and engineering firms like Bechtel and Samsung, and big banks like Goldman Sachs (GS, Fortune 500) and Merrill Lynch that aim to attract money from pension funds and insurance companies.

In exchange for the funding, the firms are getting an ownership stake in the projects. That means they'll get a cut of the tolls, and also be responsible for the maintenance. ................(more)

The complete piece is at: http://money.cnn.com/2012/12/18/news/economy/road-construction-funding/

[a geek named Bob]

1. How much for

an old road maintenance facility? Or how about one of the old underground missile complexes?

Those would make nifty lab spaces...

[Drale]

2. I saw an old missile complex in North Dakota being sold off for

76,000 but that was quite a few years ago.

[a geek named Bob]

3. I was thinking of setting up in ND...

I'll have to look up the real estate folks again.

This could be fun!

[xchrom]

4. ...

[leftstreet]

5. DURec

[woo me with science]

6. We are rapidly reaching the point of no return.

Wake up America, before you are gone.