Excelsior, Lobbying, and old connections. ( Yes it will be long)
If you have not seen it, which might be difficult, the auditor's report on Excelsior's loan came in this week. It shows money not well spent, mostly on love-ins amongst officials to try to keep the money sucking leviathan moving. It still has no private investment, no market, no building, no shoes, no wallet...But I digress. The ultimate questions are 1) Is it truly needed? and 2) Will the money spent in other place(s) provide the same return on energy? The second question answers the first; if the energy can be found in some other way, by some other method, with all costs included in the price, then there are alternatives to shipping coal 1500 miles to the Range. The IRR has loaned this behemoth consisting of one non-engineer ex-Hibbing Hockey player and his wife 9.5 million$. I will assume the IRR's expected that Rangers would humbly follow along with whatever boondoggle they handed money to, but not in this case they have not. So, getting back to fundamentals, I still want to ask the above question; can the energy be found in some other way less harmful, less costly, or perhaps less environmentally damaging, a cost usually not included? Could, let's say, the 9.5 Million$ have been spent elsewhere and have provided an immediate return in energy? Investing in efficiency on the range cities' aging housing stock perhaps? Model community programs, modifying our aging infrastructure for efficiency and long term sustainability, rather than strip malls, asphalt and coal fired steam heat? Planning for transportation alternatives and efficiency as liquid petroleum becomes more expensive? ( It will). Perhaps just studying where energy is wasted, then planning on how to correct it. All of these are possibilities, and infinitely better than the lobbying party cash they have handed out so far. It is not just a question of 40,000$, but a question of energy return on investment, including the environmental costs (See this). This monstrosity serves no purpose other than to build for the sake of building, to benefit certain connected Range interests, and to continue the insanity of living as inefficiently as possible.
Can we please stop handing money over to these people and start living in the last century?
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