Monday, April 6, 2009

Thursday Is Proposal Deadline Day For Milwaukee Water Works Management Leasing

The City's Comptroller thinks someone will pay an upfront $500 million for a 99-year-lease, creating an endowment that can earn money for the city's general fund.

But will that be off-set by water rate increases, so the new vendor can turn a profit?

We'll know more after the proposal deadline date.

Some background here.

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