Governor Threatens to Sell California Landmarks

California Gov. Arnold Schwarzenegger is threatening to make deep education cuts and auction off some of state's most iconic properties -- from the San Quentin state prison to the Los Angeles Memorial Coliseum -- in order to close current and future budget shortfalls. The plan, which was announced Thursday in Sacramento as part of a revised state budget, faces political and regulatory hurdles. However, it underscores the drastic lengths the cash-strapped state is willing to consider to fix its ongoing fiscal crisis. Other properties on the governor's list include a landmark concert hall called the Cow Palace in Daly City, Calif., and fairgrounds in Sacramento and near San Diego. It's unclear how much the proposal could actually raise...WSJ