July 13, 2006

buy now, pay forever

A nearly 500-acre tract of undeveloped northern woodland is for sale, and the state may be interested in buying it.

But there's a catch: In addition to the forest and more than a mile of Lake Michigan shoreline, the property features a storage area for highly radioactive waste.

http://www.mlive.com/newsflash/michigan/index.ssf?/base/business-9/115272391319210.xml&storylist=newsmichigan

Catch? What catch? Sure, a permanent national nuclear waste repository has been promised for ages, but someday soon it will happen. In the meantime, this is clearly the only Great Lakes frontage of value the Michigan Natural Resources Trust Fund board could think of buying.

Make sure the liability for the nukes is clear, at least. And doesn't accrue to the taxpayer. That's pretty basic.

Posted by Dave at July 13, 2006 07:30 AM
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