Cash strapped Connecticut is mulling over a proposal by a Chicago firm to buy various office buildings, health care and transit areas. The $2 billion purchase will add to the state’s coffers but will come with some steep guarantees, such as a 7.25% return and rent hikes of 1.5% per year. While the firm doesn’t spell out exactly what properties they want as part of the deal, it definitely is up to the government to see how they make out the best with this sell back scheme.

Connecticut and Hartford Get $2 Billion Offer to Buy Real Estate

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