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  1. #1
    Join Date
    Mar 2017
    Posts
    1,638

    Default DWSD borrowed $500 million against $50 million lease

    DWSD is laser focused on water sales to residential/commercial customers.
    It recently borrowed $500 million against the $50 million annual lease payment
    -- to fund five years of infrastructure improvement projects.
    About $13 million of the lease payment from GLWA goes to
    repaying the bonds each year

  2. #2

    Default

    What are they doing with the $50 Million per year for 40 years ($2 Billion total) that the suburbs are giving them for a zero ownership stake and only “a say” in how it’s run - whatever that means?

    We should be laser focused on getting a running report on what they’re spending our money on. What’s the betting it isn’t even on DWSD?

    There is no doubt that Detroit Water quality is second to none, but suburban users are paying for it “twice” and in the timeless words of a recent president “you didn’t build that!”
    Last edited by coracle; August-09-18 at 10:29 AM.

  3. #3

    Default

    The suburbs can go and build their own water system if they hate DWSD so much.

    And I bet that's going to cost a lot more than $50 million per year too.

  4. #4
    Join Date
    Mar 2017
    Posts
    1,638

    Default

    We basically already have one, since Millions of people
    drink from Lake Huron - and not - from Belle Isle.

    https://www.acs.org/content/acs/en/e...9940250945.jpg

    https://redrundrain.files.wordpress....king-water.jpg

    Lake Huron on tap -- yummy
    Last edited by O3H; August-09-18 at 09:25 AM.

  5. #5

    Default

    Quote Originally Posted by 313WX View Post
    The suburbs can go and build their own water system if they hate DWSD so much.
    Your idea could well prove to be a better long term solution than keep pouring money into an aging infrastructure - look what’s happened to our damn roads (bit of a Whitmerism there).

  6. #6
    Join Date
    Mar 2017
    Posts
    1,638

    Default

    The suburbs have been getting water from LAKE HURON
    for many , many , decades already - via DWSD.
    Back when Roman Gribbs was the Detroit Mayor .

    https://www.detroitnews.com/story/ne...sion/90522336/

  7. #7

    Default

    Quote Originally Posted by coracle View Post
    Your idea could well prove to be a better long term solution than keep pouring money into an aging infrastructure - look what’s happened to our damn roads (bit of a Whitmerism there).
    Well then, get to it.

    Nothing and no one's stopping the suburbs from doing it.

  8. #8
    Join Date
    Mar 2017
    Posts
    1,638

    Default

    It already exists ----- as has existed ----- for a long time

    The suburbs north of Detroit , (around the 14 Mile mark)
    get their drinking water from Lake Huron, and have been drinking
    that water for the past 20 years. There is nothing to build, it's old already

    http://cms6.revize.com/revize/troymi...r%20Report.pdf

  9. #9
    Join Date
    Mar 2017
    Posts
    1,638

    Default

    No doubt more neighborhoods in Detroit will be torn up as the pipes fail

  10. #10

    Default

    Don't forget, DWSA can do virtually nothing without GLWA signing off on it

  11. #11
    Join Date
    Mar 2017
    Posts
    1,638

    Default

    CRISIS - just happens and then needs immediate attention !!
    30-inch water main break the streets of W. Canfield at Second Ave. in Midtown

    http://www.fox2detroit.com/news/loca...field-district

    This will happen again, and again , all over, very very soon

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