NY Nassau Mangano to revisit sewer privatization plan
Source: Joan Gralla, Reuters, May 17, 2012
New York’s Nassau County Executive on Thursday vowed to revisit his plan to privatize the county’s sewer and wastewater authority after a state control board rejected the contract for Morgan Stanley to serve as an advisor on the deal.
– Nassau County, N.Y., Oversight Board Nixes Sewer P3
Source: Tonya Chin, Bond Buyer, May 21, 2012
– Concern Over Privatization of Nassau Sewer System
Source: Judi Bosworth, New Hyde Park Patch, May 20, 2012
– Mangano selects United Water to take over sewers
Source: John Callegari, Long Island Business News, May 3, 2012
Mangano Pitches Sewage Privatization Plan in Wantagh
Source: Andrew Coen, Wantagh-Seaford Patch, May 10, 2012
Nassau County Executive Ed Mangano made the case for his proposed sewage system public-private partnership Wednesday night during an informational meeting at the Cedar Creek Water Pollution Control Plant in Wantagh.
Mangano touted his plan to eliminate $750 million, or 25 percent, of the county’s $3 billion debt before a packed audience of around 100 people Wednesday night six days after Harrington Park, N.J. -based United Water was selected as a potential operator for the county’s sewage treatment system for at least 20 years. In addition to Cedar Creek, the county also currently operates the Bay Park Sewage Treatment Plant in East Rockaway and Glen Cove Sewage Plant.
Mangano emphasized that the plan, which still needs to be approved by the Nassau County Legislature, will help stabilize the county’s Sewer Authority, which is set to face bankruptcy in 2014, by saving $22 million annually…