Here's an update on what's happening with NOPB and the KPMG evaluation that led the City to decide they would not seek a sale of the Public Belt in lieu of a "Private/Public" partnership to lease the City-owned asset.
In the last post, I introduced an interview I conducted with Mayor Landrieu about his intent to sell and/or lease the NOPB. In that interview I asked him if the company the City had hired to provide an evaluation of the railroad was taking in to account the myriad contract agreements and trackage rights with Class/Tier 1 railroad companies the NOPB had developed over the past 100+ years since it's inception.
I didn't get a very clear answer...from the Mayor or his appointee to the NOPB Commission, Ryan Berni.
NOPB - Complications in trackage rights, etc. from Jason Berry on Vimeo.
I don't have the full evaluation from KPMG but I do have an abbreviated version and it states that it was created under the assumption that existing"rights and leases" would remain intact.
That is quite an assumption.
I have not seen the full KPMG evaluation but it appears they did not address the complications of "clear title" to the NOPB's assets and operations.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAJujIAX8cyGrQkGOgeWNcknFmudjNDEAzGy15bmlrh2QJx_OfWS0F7c7t4TqQeBtzJkaoOuicKFHBiCQ35Chyphenhyphen9hYFblmUYWfZFu9ctvheQs_jKhYq8mX7jvenZ8Oodl3mds6HkQ/s320/KPMGreportRemainIntact1.gif)
Here is the abbreviated KPMG Evaluation material I currently have:
KPMG Evaluation
Upcoming...In our interview, I asked Mayor Landrieu about the wisdom of selling off City assets, his affinity for public/private partnerships and his strategy of "bully politics" when it comes to appointments to public boards, e.g., Wisner.
Coming soon...stay tuned.
In the last post, I introduced an interview I conducted with Mayor Landrieu about his intent to sell and/or lease the NOPB. In that interview I asked him if the company the City had hired to provide an evaluation of the railroad was taking in to account the myriad contract agreements and trackage rights with Class/Tier 1 railroad companies the NOPB had developed over the past 100+ years since it's inception.
I didn't get a very clear answer...from the Mayor or his appointee to the NOPB Commission, Ryan Berni.
I don't have the full evaluation from KPMG but I do have an abbreviated version and it states that it was created under the assumption that existing"rights and leases" would remain intact.
That is quite an assumption.
I have not seen the full KPMG evaluation but it appears they did not address the complications of "clear title" to the NOPB's assets and operations.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAJujIAX8cyGrQkGOgeWNcknFmudjNDEAzGy15bmlrh2QJx_OfWS0F7c7t4TqQeBtzJkaoOuicKFHBiCQ35Chyphenhyphen9hYFblmUYWfZFu9ctvheQs_jKhYq8mX7jvenZ8Oodl3mds6HkQ/s320/KPMGreportRemainIntact1.gif)
Here is the abbreviated KPMG Evaluation material I currently have:
KPMG Evaluation
Upcoming...In our interview, I asked Mayor Landrieu about the wisdom of selling off City assets, his affinity for public/private partnerships and his strategy of "bully politics" when it comes to appointments to public boards, e.g., Wisner.
Coming soon...stay tuned.
2 comments:
This is bruthaman... how fucked are we with trump?
I have no idea.
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