ORANGE COUNTY, CA-The state has selected Facilities ManagementWest Inc. to purchase the Orange County fairgrounds, a 150-acresite, for an amount of $100 million.
The company would offer $20 million as initial payment for thesite this year and pay the remaining in the coming 35 years, saidthe state. It lost the bid in a state auction to Craig Realty Groupin January. Since the state declined the offer, FacilitiesManagement West came up with its offer. For the full story,go to Orange County BusinessJournal.
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