Power sale could mean stable endowment fund
Poll
Do you agree with the city’s decision to collapse certain advisory boards into one, nine-member Community Vibrancy Board?
Yes
Local administrators and elected officials say proceeds from any potential sale of the power plant could lead to an endowment fund providing more stable income and less risk to the city.
That’s led to questions about what such a fund would look like, how it would operate and how it could be safeguarded to provide stable income far into the future.
Some opponents have expressed doubts, stating forgone operating revenue in the sale-fund model makes it less attractive.