Tuesday, March 27, 2012

Solyndra Building For Sale

Once the darling of the Obama Administration, Solyndra received a $535 million federal government loan guarantee in 2009.  Pres. Obama made a personal visit to the factory in 2010 to champion 'green energy.' Solyndra filed for bankruptcy in 2011. Approximately 1,100 employees lost their jobs.

In 2012, a local CBS affiliate caught on tape Solyndra employees destroying millions of dollars worth of high tech raw materials, rather than returning them to the supplier whom Solyndra owed millions of dollars.

From a disconcerted MSNBC:
"Once a site linked to the future of American manufacturing, and now the legacy of a political scandal and bankruptcy, the former Solyndra building is officially on the market.

Jones Lang LaSalle has been retained to help move the manufacturing plant in Fremont, Calif. -- all 739,232 potential square feet. (The facility could be expanded to be this big.) Since it's a bankruptcy property, and the sellers are trying to raise as much as possible at auction, there is no price range associated with the posting of the property."
Commercial real estate market analysts predict it will bring only $150 million - or half of what this political money pit cost the tax payers to build. Did I mention it's earth quake resistant? BTW, all those solar panels on the roof can generate 1.2 megawatts of electric power.

Interested parties should go to SolyndraBuilding dot com for more info.

Can I get a commission check on the sale of this building, too?

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