Providence to look at sale of water system
Source: By Daniel Barbarisi, Providence Journal (RI), Tuesday, March 25, 2008
The city is considering selling the Providence Water Supply Board and the network of reservoirs and treatment plants it controls in order to pay down the huge debt in the city's pension system.
...... The money from a sale would be used to pay off the debt to the city's pension system, which is owed roughly $700 million.