Deal reached to create the Great Lakes Water Authority in Metro Detroit

[corktownyuppie]

Not trying to say I told you so, but seriously...I told you so.

Under the deal involving Detroit and Macomb, Oakland and Wayne counties, the city will lease infrastructure to suburban communities in exchange for a $50 million annual fee and annual $4.5 million payment assistance fund, officials announced Tuesday...

...The agreement also guarantees funding to rebuild the system’s aging water infrastructure, as well as financial assistance for customers throughout the region who are struggling to pay their bills. The annual revenue required rate increases charged by GLWA are expected to be limited to 4 percent a year for the next 10 years.”

From The Detroit News: http://www.detroitnews.com/article/2...#ixzz3Cpn6RnF6

This deal isn't just about water. This marks a gigantic shift in regional politics. People on the extremes on both ends have been obstructionist at every opportunity to prevent it from happening.

Well, it's a new day and age in SE Michigan/Metro Detroit. Finally, the adults in the room are back in charge and we're focused on solving problems rather than throwing grapes and arguing about your right to carry an M-16 into a McDonalds.

It's about damned time.

/EndRant