State Dept. of General Services rejects all bids on OC Fairgrounds
California’s Department of General Services, the state agency tasked with selling off the Orange County Fairgrounds, has rejected all seven bids on the 150-acre property in Costa Mesa, including the winning $56.5 million bid placed at auction by Craig Realty Group of Newport Beach.
“Please be advised that afer careful consideration, today I have decided to reject all of the bids,” Ronald L. Diedrich, the department’s acting director, wrote in a letter to Gov. Arnold Schwarzenegger, dated March 17, a copy of which was released Wednesday.
“The offers contained in those bids are not in the best interest of the citizens of California because they do not obtain the highest and most certain return for the state,” Diedrich’s letter continued. “I continue to fully share your commitment to selling the fairgrounds and the department will go forward to explore alternative means to promptly achieve that goal.”
More to come.
- Mona Shadia
All the latest on Orange County from Orange County.
Get our free TimesOC newsletter.
You may occasionally receive promotional content from the Daily Pilot.
