Orange County Fairgrounds for Sale to Highest Bidder?
Did you know the State of California owns the Orange County Fairgrounds? I bet that would a shock to many.
The Governor started threatening to put State properties up for sale if more money couldn’t be raised other ways, and now here we are. The State of California has put the Orange County Fairgrounds on the auction block.
The City of Costa Mesa may attempt to limit the use for the 150 acre site. Doing so would potentially limit the value of the land significantly during a time when the State of California seeks to raise money from its sale.
The value of the Orange County Fairgrounds is estimated somewhere between $96 million and $180 million. Why the huge variation? It is a result of the final zoning for the Fairgrounds, which the City of Costa Mesa is currently discussing amending in an attempt to prevent the sale from changing this City icon.
To me, the Orange County Fairgrounds and Swapmeet is very much a part of local tradition. I go to Fair nearly every year, usually many times, and now am enjoying taking my children. The swapmeet is convenient, fun and outdoors. There is little like it that I have seen, and I hope that some way can be found to maintain it.
Interested in more about this, Costa Mesa City Council is holding a meeting Monday November 9, 2009 from 9 am to 11:30 am at 777 Fair Drive, Costa Mesa.
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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
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Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.
Click Orange County homes for sale to view all OC homes for sale. Copyright © 2009 by Christine Donovan, All Rights Reserved. Orange County Fairgrounds for Sale to Highest Bidder? Be Aware of What Your are Teaching Your Kids – They are Watching and Learning.