California Land Grab Threatens Cerritos Arts Center

Nov. 13 (Bloomberg) -- Bruce Barrows, mayor of Cerritos, California talks with Bloomberg's James Nash about California's order that the city sell dozens of properties including its performing arts center. California Controller John Chiang has ordered the Los Angeles suburb to sell $171 million worth of land that the city redevelopment center agency held before the state dissolved about 400 of the blight-fighting districts. The land amounts to more than twice Cerritos' annual revenues. (Source: Bloomberg)

Full Show: Bloomberg Markets Middle East 07/24
26:40 - Full episode of "Bloomberg Markets Middle East." Guests include: Tarek Fadlallah, chief executive officer at Nomura Asset Management Middle East, and Jesse Downs, managing director at Phidar Advisory. (Source: Bloomberg)
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