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Hydroelectric Equity Partners
Hydroelectric Equity Partners Who?
EXACTLY !
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The Clock stops. Firegate is (finally) over. As much as I hate to see anyone lose there job, the $$'s spent on this was unacceptable.
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6 comments:
We will have to fight tooth and nail to stop this boondoggle.The only reason the dems are pushing this is to hire hundreds of union workers and wring votes from them. the taxpayer be damned.
Yet another failure by the local tax and spend Democrats .
Looking at the news on this issue it amazes me that Spring et al. have changed their tone to fit what they feel the people want to hear. The City of Quincy stance on hydro has been all over the map.
First it would provide cheap power to Quincy and would be ran by the City. Then it would be cheap power to City owned facilities and the the rest of the power sold to the grid but still operated by the City, then it changed and all power going to the grid and it had to have a partner to operate it and help fund it and is not financially possible without huge tax breaks. Now it's back to we may not need a partner and we may be able to use the power for City facilities, I don't who would run it inthe scenario. When will this moving target of Hydro at least slow down? The only constant in the process has been the large amount of spending and the lack of concrete answers for all of us that are paying the bills.
I hate to see the taxpayer money, invested so far, wasted but it's time to stop the money bleeding and pull the plug on this. The other alternative is to get someone or some entity to take it over now that knows what they are doing with Hydro.
Look back at the news articles and older post on this site from years past. Maybe Fire and some of the Aldermen were not so wrong with their doubts about this taxpayer funded boondoggle.
Yea, they'll likely make JJ the "Director of BS Div" or something like that, just to get him on the payroll.
Sad to see Klingners, who was whispering in the mayors ear, will come out smelling like a rose on this. They make money either way on this deal.
Too bad they didn't do their research on this by a independant firm before spending this money.
The project viability should have been determined by an expert with no vested interest in the project. Yes, Klingners may have a bit of expertise in this type project (you'd think from their talk they designed the dams) but they also stood to gain financially as the project moved forward, whether successful or not.
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