Arizona may sell Capitol. Should states lease back properties?

Has the Great Garage Sale of America's landmarks begun? In an effort to cut its deficit, Arizona is planning to sell off as many as 32 state properties, including state capitol buildings, to help cover a $3 billion budget deficit, according to a Christian Science Monitor story.

Joining in the fire sale are California, Pennsylvania and Connecticut, which are also unloading state holdings.

While the sales in Arizona could put $350 million to $700 million into state coffers this year, the state would pay $60 million to $70 million to lease back many of the properties. The deals could cost taxpayers more money in the long run to lease the sites back.