Cost Benefit Analysis

Tuesday, April 30, 2013

Credit to Mayor Andy Berke and the new City Council for sound fiscal leadership and deep-sixing the boat dock boondoggle.  It’s hard to believe the City had access to $8.8 million and more boat docks was priority # 1.  But for Riverbend and the Hooch, the existing docks are rarely, if ever, full.  It’s almost as if some details are missing.  Plus there are several other items which come to mind as a better use of funds:  crime fighting, retention bonuses to inner city teachers, road paving.  In closing, do the math on the payback for the City’s share of those boat slips at $200,000 each.  It would take 3,333 nights at the going nightly rental rate just to break even.  Examples such as this where new faces rethink how we do business are a cause for optimism indeed. 

Kurt J. Faires



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