While we rob Federal paybacks on Levees for Indoor Pool, we have to borrow money for Sewers
l3wis Remember when we got over $11 million back for building the levees? This would have been the perfect project for us to spend the money on;
A massive project to replace a sewer line that carries almost all of Sioux Falls’ wastewater won’t cost taxpayers as much after the state approved more than $30 million in low-interest loans to pay for the work.
The 1.25 percent interest loans offered by the state will be paid back over 10 years.
“On that amount of dollars, that’s a substantial savings,†said Cotter, referring to the higher interest rates associated with traditional loans.
Hey Mark, we could have saved 100% if we would have paid for the project with the Levee repayment fund and surplus in the budget. But that’s right, we need to build playthings, they are more important. Maybe the next time the sewer system threatens a backup, we can use the new indoor pool to store all of the sewage instead of Covell Lake or pouring it down residential streets.
If we truly had a mayor who was concerned about prudence, he would have allocated the money correctly and put the pool on hold. But that would take someone who actually cares about the average tax payer and not himself and the special interests.
BTW, I heard the indoor tennis facility’s membership drive isn’t doing so well. Rough road, isn’t it Mike, when you have to spend your own money on play things? Can we get our $500,000K back please?
