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California land grab threatens cities from Oakland to LA suburbs

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Cerritos, the Los Angeles suburb that lays claim to having the world’s biggest auto mall, is one of 36 California cities, including Oakland and bankrupt San Bernardino, facing a state land grab that mayors say will devastate their finances. Controller John Chiang has ordered Cerritos, a city of 50,000 about 20 miles southeast of Los Angeles, to liquidate $171 million in assets including land...

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