It’s time for this board to wake up to its fiduciary responsibility to the taxpayers. A small board faction is conspiring with a power-mad CEO to lead the inattentive board majority down a path of destruction. The board allowed the Beazley-Ellis faction to strip them of their committees and set the scene for them to sell off this state property at a price that is simply too good to be true. This new organization is going to buy state land at 10% of its true value under the authority of themselves. This is literally robbery and it is amazing that the rest of the board would go along with this.
Where is the leadership from such board members as Dale Dykema, Julie Vandermost or the Chairperson, Kristina Dodge?
You may say that $30 million is a reasonable cost for a piece of land that is not currently zoned for residential or commercial development. If history has taught us anything, it’s that any political seat can be bought for the right price. If this new “non-profit organization” (made up from existing board members) that buys the fair from the state has a chance to turn a $30 million investment into a $300 million windfall, don’t you think buying three votes on the Costa Mesa City Council to change the zoning would be worth the $270 million profit?
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