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