The Mayor’s Desk Carolyn KirkGloucester Daily Times
Check out the entire story by clicking the link above. the part that made me do a double take is this quote from the Mayor-
Two turbines located at the Gloucester Engineering property owned by Equity Industrial Partners in Blackburn Industrial Park will generate energy credits, which will be used to cover Gloucester’s municipal electricity needs. In the process, the city conservatively anticipates saving $450,000 per year in energy costs. The city also will receive payments from the private operator of the turbines, starting at $40,000 per year with annual increases for the duration of the 25-year agreement. All told, city taxpayers will save a minimum of $11 million.
Holy cannoli batman. That ain’t chump change.
Let’s file this away for a year and considering the $450K is the “conservative” estimate and we could get more savings, revisit it when the numbers become available.
We will get to see those numbers right? Because at the conservative $450K per year, that’s a monster win for the tax base. Monster win, no?
I still feel bad for the folks that have to live near it but in light of those huge savings it has made me much more receptive to them.
I was not a fan of the idea before I knew that we could get this kind of return for virtually no investment on the local tax base.
So we’ll do like you know I like to do- Poll it Baby
In the first year, will the City of Gloucester receive over the “conservative” $450,000 per year in energy savings or under that amount?
or Under $450,000?