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Should California rent its golden assets?





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Local businessman William Mundell has come up with a novel idea for revitalizing California’s economy. Based on an economic model that was used to help solve the budget crisis in Australia, “The Mundell Plan” suggests raising revenue for cash-strapped California by renting out the state's assets to private investors. From prisons to parking structures there are 33,000 properties that could be used to rake in approximately $100 billion. Larry talks about the plan’s specifics with Bill Mundell and opens the phones to listeners.

Guest:

William Mundell, chairman of Inteka, an L.A based economic development firm, and author of “The Mundell Plan.”