Follow the money
A letter writer recently published by the Times-Herald asked about the dredging of the Vallejo boat ramp, possibly with a loan from the Department of Boating and Waterways. I have been a boater for a long time and have written a lot of letters on the opinion page.
I refer you to the Times-Herald article of December 7, 2001. It noted and described the inadequate dredging that a company was unable to complete on time. After reading their article and using my own eyes, I described numerous reasons why the company was unsuccessful.
There were many letters about the marina and a $ 15 million loan taken out by the Department of Boating – which the city of Vallejo was unable to repay. As time passed and the city went bankrupt, the city refinanced – for a total of $ 17 million. See the letter to the editor dated March 13, 2013.
We come to the date of June 13, 2011. A letter entitled “Pretty Enough To Investigate” has been published. The city’s decision to enlarge the marina by building new docks on the south side of the old marina was flawed. The plan was to ask all of the old harbor residents to move to the new docks, but the old residents didn’t want to move and pay the higher berth rent. The old docks were only about half full and the new docks did not fill as planned. Over time, the city has never dredged the old part of the marina and silted up the old marina – purposely left out of the necessary dredging.
An article dated Jan. 6, 2002 stated that the city had repaid the overdue loan of $ 14.3 million and that the city refinanced the loan and now owed $ 17 million.
I ask and it was never answered why all this misinformation came from the city administrators. Now someone wants the city to contact the Department of Boating and Waterways for a new loan. Hah!
I don’t think the city ever repaid the original loan and to this day I still don’t know the status of that loan. I read in this newspaper that the town went bankrupt and I don’t think the loan has ever been paid – the new marina was never more than half full and was barely able to pay the interest on that loan.
As in the movie “All the President’s Men,” which advises “Follow the Money,” I would think someone should follow the money. Don’t ask for more money.
– Joseph H. Balocca / Vallejo