Industry News

Schwarzenegger eyes Reagan mansion

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Arnold Schwarzenegger is looking for a new place to park the Hum-Vee. The California Governator has made some serious inquiries into buying Ronald Reagan's old mansion, listed for sale at $5.9 million. The 11-acre property in Carmichael, Calif., is about 10 miles east of Sacramento. The 9,900-square-foot, one-story home has eight bedrooms, seven full baths, two half-baths, a pool, grand ballroom and three-car garage. The Reagan family never occupied the mansion, which is for sale by a private owner through Dunnigan Sierra Oaks realty. California hasn't had an official governor's residence since Reagan moved from the historic home in Sacramento in 1967 because of safety and health concerns with the aging property. The Reagans rented a home in east Sacramento on 45th St. and lived there throughout the governor's term. Reagan's supporters purchased the site in Carmichael with private funds with the goal of constructing a new governor's mansion. Builders finished the $1.3 million c...