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All that glitters isn't silver

I see North Little Rock Mayor Hays proposes to take out a line of credit to guard against disappointing results from the city's pig-in-a-poke hydro plant. If it doesn't perform up to optimistic expectations, the city will have to borrow money to pay an increased electric bill. Raises for city employees? None. Handouts to wealthy developers? Millions.

The Levy Project is already on the mayor's case bright and early. Comments include news of another mayoral handout, to the operator of a riverside drinking barge.

Comments

They Hydo-Electric thing has been a boondoggle from the git go. In any given year there are a few days that it can actually operate because the rest of the time the water is too high or too low. Terry Hartwick convinced the people of NLR to build the thing and told them it would pay for itself and it never has. I once asked the civilian head of the LR Corps of Engineers why the Corp didn't build it when they built Murray Lock and Dam and he said they couldn't make the return justify the cost and knew the river conditions didn't make it feasible. Duh!

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