Gov. proposes selling L.A. Coliseum, other properties to raise cash

L.A. Times reports:

Gov. Arnold Schwarzenegger wants to sell the Los Angeles Coliseum, San Quentin State Prison, the Orange County Fairgrounds and other state property to raise cash amid the state's growing fiscal crisis, according to a copy of a proposal reviewed by The Times.

Sale of the properties, to be included in the governor's revised budget plan on Thursday, would raise between $600 million and $1 billion, although it would not provide relief to state coffers for two to five years, according to the proposal.

More real estate for sale.