The Texas Public Policy Foundation hosted a townhall meeting last night at the Georgetown library to shed light on the Georgetown electric debacle. The Wilco Sun will likely have an in-depth report on the meeting and the discussions that ensued.
The bottom line is that there is no easy solution to extract the citizens from paying millions of dollars in higher electric rates in the foreseeable future.
One potential solution that would achieve two objectives at once would be to close the city owned airport and sell the land and facilities.
Owning and operating an airport is not a core city government function. The airport land and facilities are very valuable for potential commercial uses and the proceeds could be used to extract the citizens from the wind and solar contracts without impacting the electric rates.
Secondly, closing the airport would alleviate all the neighborhood issues associated with having an airport in the middle of a residential area.
If investors and aircraft operators believe an airport is needed in the Georgetown area, let private enterprise develop one just as occurred with the Executive airport east of Austin.
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