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    Thursday, May 02, 2024

    Beware big risk of public-private deals

    Since the state is considering public/private ventures for both Seaside and the former Mystic Oral School properties; it is timely to look at past ventures.

    Our state money aids such projects and they must be profitable or private money would not be forthcoming.

    The public access we receive is always so minimal that these projects should be considered a way for our taxes to subsidize business. If we want something to remain public, we should be willing to pay for it. If a private source can see a future profit, it should pay for it.

    Serving two masters sounds good in concept but seldom serves both equally.

    Businesses and corporations cover their risk to insure they make money before they agree to give, putting our state at a disadvantage in the bargain.

    A jaundiced eye should be applied.

    Eva Aldrich

    Mystic

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