[reaganaut1]

I don’t understand how debt service on a waste incinerator for a town of 47,000 can be $68 million. How much does a waste incinerator cost? I would have guessed less than $68 million dollars, especially for a moderate-sized town. And that’s principal, not debt service.

[NaughtiusMaximus]

I don’t understand how debt service on a waste incinerator for a town of 47,000 can be $68 million. How much does a waste incinerator cost? I would have guessed less than $68 million dollars, especially for a moderate-sized town.

Well, there were some customary administrative expenses.

[sportutegrl]

There has to be more to this story. ‘Debt service’ is a fancy way of saying ‘interest on a loan’. Who sold these muni bonds? What is the interest rate? How much was the incinerator? 68 Million for debt service for an incinerator for a town of 47000? This is an insane amount of money to owe for a town this size.

[tcrlaf]

Indianapolis went through this EXACT SAME THING about two decades ago. And, it was supposed to power the city for DECADES, making the coal plant obsolete!!!

After a TON of lawsuits and payouts, it’s now a Trash Sorting Center, with a HUGE debt service!!

GREEN SHOOTS!!!!

[RJL]

I don’t understand how debt service on a waste incinerator for a town of 47,000 can be $68 million. How much does a waste incinerator cost? I would have guessed less than $68 million dollars, especially for a moderate-sized town. And that’s principal, not debt service.

Who cares, it might produce a couple "green" jobs, it's all good!
/S