fromwww.mercurynews.com
3 days agoSanta Clara County purchases medical office it had planned to lease as it battles lost federal revenues
The county originally had planned to lease the 1410 S. Bascom Avenue medical offices in a 30-year deal approved by the Board of Supervisors in 2022. But the multi-decade lease would have cost the county on average $25.5 million annually. In the agreement approved by the Board on Tuesday, the county will instead purchase the property using lease revenue bonds that will lower the annual payment to roughly $20 million. The county says the total savings amount to $112 million over the course of three decades.
California
