So once Arizona sells off these properties at bottom of the barrel prices to private ownership, they will then rent them back in the hopes that they will be able to repurchase them at obviously higher prices when the market is better? I could understand a potential upside to sell off unused state-owned properties, but the State Capitol?

"Call it a sign of desperate times: Legislators are considering selling the House and Senate buildings where they’ve conducted state business for more than 50 years.

Dozens of other state properties also may be sold as the state government faces its worst financial crisis in a generation, if not ever. The plan isn’t to liquidate state assets, though.