Homes For Salton Sea?
The Salton Sea Test Base could be used to build over 200,000 houses -- provided the area is fit for human habitation.
"Citigroup Inc., a multinational financing corporation, has bid to underwrite more than $600 million in bonds to finance the plan, if Congress will guarantee the funds and give the Salton Sea Authority up to 15,000 acres of federal land. The agency's board is slated to vote on the Citigroup proposal Oct. 27, part of a lengthy approval process by federal and state officials. The homes would be built over 30 to 40 years."
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Published on Tuesday, October 18, 2005 in
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