Why would we buy assets we already own for $475 million?In May, City Manager Milton Dohoney endorsed a plan to transfer the assets of the Cincinnati Water Works to a new regional water authority. From COAST’s perspective, the plan has serious problems, including:
- forcing ratepayers to buy water district assets at a price of $475 million – assets they already own! and
- Giving the Water District the authority to raise property taxes and to take real property by eminent domain.
Now, in addition to launching the petition drive to stop Council’s Trolley Folly, Christopher Smitherman and the Cincinnati Chapter of the NAACP have also launched a petition to stop the Water Works plan.
COAST presently is considering endorsing the Water Works petition and helping with the signature gathering effort. E-mail COAST Chairman Jason Gloyd at Jason.Gloyd@cbws.com with your thoughts on the NAACP Water Works petition.