Source: Tim Faulkner, Eco RI News, June 11, 2018
Drawing comparisons to Flint, Mich., and other cities that have suffered from privatizing public water systems, environmentalists oppose the latest legislative effort to monetize the Providence Water Supply Board and its source, the Scituate Reservoir. The Conservation Law Foundation, The Nature Conservancy, the Rhode Island Land Trust Council and Audubon Society of Rhode Island all raised doubts about changing ownership of the state’s largest public water source. Without protection, the move threatens open-space land buffers and risks polluting the watershed and public drinking water, according to opponents of the idea. Mayor Jorge Elorza recently made the annual mayoral Statehouse plea to monetize the city’s public water system and real estate worth some $400 million — all to pay down Providence’s unfunded pension liability. …
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.