Kevin Cook: Keeping Money in townPublished on: Sunday, April 16, 2017
In regards to the muni that Boulder residents have voted to establish several times: While I agree that the green benefits of local control are important, I think the economic impact on Boulder should be made clear. As a former president was known for saying, “It’s the economy stupid.” I liken the muni effort to my own situation. Currently members of my community send over $2.4 million a year to our landlord in California. This is money that is drained from our city’s economy, never to be seen again. It has no economic benefit to Boulder. Likewise, Boulder sends about $30 million a year to Minnesota, never to be seen again, having no economic benefit to Boulder. It’s clear that it’s all about the money Xcel wants to continue to make off of Boulder. In my view, Xcel has been extremely dishonest in the whole muni process. They have obstructed Boulder’s attempt to establish a muni whenever possible. Their strategy seems to be to drive up the cost of the muni until it is no longer acceptable to the public. I think that anything spent to establish a muni is going to be worthwhile in the long run. Keep in mind that once a muni is established that the $30 million a year that was being sent to Minneapolis would be circulated through the local economy. To me it’s obvious that a Boulder muni would be a much greater economic benefit to Boulder than any further involvement with Xcel. So after seven years of obstruction Xcel now wants the city to agree to terms that would effectively kill any real efforts to establish a muni.
Therefore, I urge the City Council to just say “No” to Xcel!
This Letter to the Editor was originally published in the Daily Camera.