Author Topic: Reimagine a New York State Canal System that actually makes a profit... you can't!  (Read 13 times)

Doug K

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Take a look at the released NYS Canal Corporation Compliance website again, some newly released budgets are out.

The ECNA has been trying to find out what was happening with NYPA's ownership, and how it might affect the NYS Canal Corporation's operation of the Canal System and it's maintenance, which includes clearing and repairing the earthen embankment safety concerns.

There are quite a few changes, and NYS Canal Law has also been updated to reflect the new change in ownership.

And maybe most notable is how much that NYPA is spending to support the NYS Canal System, and it's hundreds of miles of Trails. With the change in ownership of the Canal System, the "tax payer" support went to ZERO and NYPA was asked to foot the entire bill for the operation and care of a 200 year old waterway.

So how much does it cost NYPA to run the NYS Canal System, including it's 480+ employees, and miles of waterway, trails, dams & locks?

It cost them 67% of their OVERALL PROFITS, a full 2/3 share.


One thing for sure... the New York Power Authority wants to "Reimagine the Canals" that would somehow "make a profit" at some point


Here's what NYPA Owns:



Here's what NYPA Budgets for their Business:


https://www.canals.ny.gov/about/compliance/index.html



You know what they say in the NYS Erie/Barge Canal World?

Once an anchor, ALWAYS an ANCHOR...

« Last Edit: December 29, 2021, 12:58:06 pm by Doug K »

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