Discuss Detroit Archives - Beginning January 2006 4-step plan for Detroit Water System Previous Next
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Jdmdetroit
Member
Username: Jdmdetroit

Post Number: 150
Registered: 11-2003
Posted From: 170.20.11.116
Posted on Friday, March 10, 2006 - 5:48 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

The Detroit water system is in dire need or repair. The city is in dire need of money. And the region is in dire need of jobs. How can we attack those problems?

The following is a four-step proposal:

1. Set up a regional, quasi-public, nonprofit authority that is regulated by the state Public Service Commission and able to float municipal bonds.

2. Float about $6 billion in long-term bonds under the auspices of the authority. The authority then uses part of that money (several hundred million dollars to, perhaps $1 billion) to buy the Detroit water system from the city at a fair market rate.

3. The authority uses the rest of the cash to upgrade and repair the system, which, by all accounts, needs it. This work would preserve our necessary infrastructure and also create thousands of jobs.

4.The authority squeezes any efficiencies that it can from the water system. It then determines whether it needs raise rates to pay off the bonds. If so, the Public Service Commission would have to approve the rate hike.
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Bvos
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Username: Bvos

Post Number: 1240
Registered: 10-2003
Posted From: 68.255.241.205
Posted on Saturday, March 11, 2006 - 3:55 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

We all know that jobs are created by cutting business taxes, not government spending and tax increases. Those that think otherwise are part of the axis of evil.

Same also to regional governance. Pure communist propoganda to take over the world. Let's polish up the nuclear warheads!

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