Comment 38660

By Cory (anonymous) | Posted March 11, 2010 at 12:31:40

I don't think the Spec article provides enough detail to develop an informed opinion. I see quite a bit of outrage in both the article above and in the comments over having private interests participate in the project. However, private investors often bring clarity to a project due to their primary focus on gaining a financial return on their investment.

An earlier Spec article (Feb 19, 2010) commented that the potential cost of remediating the west harbor site ranged from $3.3million to $37Million. How is this level of uncertainty acceptable? Any reasonable investor, private or taxpayer, should balk at this lack of cost control.

The pursuit of profit also helps narrow the band of stakeholder needs that must be met. Political attempts to meet too many stakeholder requirements can lead to an inability to satisfy the needs of any participant and ultimately to the overall failure of a project.

I'm not suggesting that profit should be the only reason for undertaking a project, but before we immediately jump to vilify private investors I think we need to make sure we have enough information to make an informed decision.

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