tag:blogger.com,1999:blog-6621691715090523319.post4939335265143723566..comments2023-10-08T04:12:46.273-05:00Comments on The Political Environment: Waukesha Consultant Touts Waukesha Water PlanJames Rowenhttp://www.blogger.com/profile/10203270946492159686noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6621691715090523319.post-61494470427876157272010-01-28T19:57:21.783-06:002010-01-28T19:57:21.783-06:00No matter how many studies are done and what the r...No matter how many studies are done and what the results of these studies show, enviromental groups will complain because they want only Milwaukee's untreated waste water return to the lake. Treated water might improve water quality and they couldn't endorse that.Ronnoreply@blogger.comtag:blogger.com,1999:blog-6621691715090523319.post-74643232757717969622010-01-28T14:29:13.684-06:002010-01-28T14:29:13.684-06:00Thanks, Jim. I forgot the return flow estimate, so...Thanks, Jim. I forgot the return flow estimate, so have included that. I fully expect these numbers to grow, and the DNR and others demanding a tighter accounting or fuller review will get the blame.James Rowenhttps://www.blogger.com/profile/10203270946492159686noreply@blogger.comtag:blogger.com,1999:blog-6621691715090523319.post-7512184327207475172010-01-28T13:42:48.125-06:002010-01-28T13:42:48.125-06:00The $56 Million is the cost to get the water out o...The $56 Million is the cost to get the water out of the lake and on its way to Land O' Sprawl. They also need to spend $22 million to pipe the partially treated sewage back to the planned dumping point in Wauwatosa's Underwood Creek.<br /><br />The cost of running the pumps to move all that water will be almost $6 million/yr.<br /><br />With Waukesha's real estate build-out in the tank, probably permanently, the full cost of getting the new source of water will fall principally on existing rate-payers.<br /><br />They will, of course, need to borrow the $78 million. The Waukesha mayor and City Council will be asked to float bonds to finance the construction. Bonds are going cheap these days. In a few months, or perhaps a year, it could be radically different--when the US Government boosts rates to attract funds to finance deficits once China finally stops buying. When treasury bond rates go up, everyone else's borrowing costs rise in tandem.<br /><br />Waukesha School Board President, Daniel Warren, borrowed(and now has pretty much lost) mega millions of dollars in toxic "can't miss" investments over at the Waukesha School District. He just happens to be the same guy who is president of the Waukesha Water Utility, the mastermind behind this Lake Michigan water scheme. <br /><br />If Warren and the School Board people manage to duck the consequences of their bad investment, it is still likely that Waukesha's credit rating will be damaged. <br /><br />The costs will be monumental.Jim Boumanhttps://www.blogger.com/profile/17211745461377043118noreply@blogger.com