Stop CalSTRS Risky Real Estate Investments: A Ticking Time Bomb for CA Taxpayers
Stop CalSTRS Risky Real Estate Investments: A Ticking Time Bomb for CA Taxpayers
The Issue
CalSTRS recently lost $100 million in a failed attempt to convert rent-controlled apartments at New York City's Stuyvesant Town to high-end luxury housing. CalSTRS has made a risky investment of $42 million in the 8 Washington Street Project which is far from a sure thing. Sign the petition and ask the investment committee to reconsider these investments which jeopardize teachers' retirement benefits.
The Issue
CalSTRS recently lost $100 million in a failed attempt to convert rent-controlled apartments at New York City's Stuyvesant Town to high-end luxury housing. CalSTRS has made a risky investment of $42 million in the 8 Washington Street Project which is far from a sure thing. Sign the petition and ask the investment committee to reconsider these investments which jeopardize teachers' retirement benefits.
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Petition created on February 2, 2013