Sol Bio is a green energy in Boulder City, NV. Well, it is name only and maybe a web site. Well, they have about 2,200 acres in Boulder City and they owe about $3 million in lease payments to the City of Boulder City. Well, that's a huge chunk out of their $22.7 million budget.
From the Las Vegas Sun: Boulder City is still waiting for a $3 million lease payment, more than six months late, from a renewable energy firm that planned to build a solar panel plant in the Eldorado Valley.
City Manager Vicki Mayes had added an item to the agenda for Tuesday’s city council meeting to discuss a guarantee by Advanced Energy Innovations, Inc., to take over the lease from SolBio Energy for the 2,200-acre piece of land and pay the balance. But she withdrew it at the meeting’s outset.
The unpaid bill has left a $3 million hole in Boulder City’s $22.7 million budget for the 2011 fiscal year, which began in July. The $2 billion project was approved in December 2009, and SolBio planned to break ground in early 2010.
Mayes announced three phases of freezes and cuts at the city council’s Aug. 24 meeting to address the gap if the revenue doesn’t come. She confirmed Tuesday that the city had implemented the first phase on Sept. 1: a freeze on capital spending and a freeze on hiring vacant positions, such as an empty police sergeant slot.
http://www.lasvegassun.com/news/2010/sep/15/hiring-frozen-spending-halted-while-boulder-city-a/
I am very skeptical of green energy. The Fed's offer these huge grants, tax write offs and other free money and land and then the companies produce what? Nothing or very little.
But this is what the liberals want- green energy, even though the technology is not there. The liberals just want to ram green energy down our throats without any consequences and with no regards to taxpayers.
So, Boulder City is being screwed over by a green energy company. This is not the first time a green energy company has screwed over a community and it certainly will not be the last.
At the Post-Christmas Café...
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