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August 26, 2008

Akron's Mayor Sees a Future Flush With Scholarship Money

The mayor of Akron, Ohio, has proposed leasing the city’s sewage system to a private contractor in hopes of raising millions of dollars for college scholarships.

The awards would go to local students who attend the University of Akron or one of the city’s trade schools. Mayor Don Plusquellic told the Associated Press that the plan would help keep talented students from leaving town after graduating from high school.

The idea has prompted support, criticism, and the inevitable nickname, “stools for schools.” —Eric Hoover

Posted on Tuesday August 26, 2008 | Permalink |

Comments

  1. Will they freeze the cost to John Q public, or will we have to pay more for all the $%#.

    — oh boy    Aug 26, 05:09 PM    #

  2. Yes. Rates will be capped.

    — Mark W    Aug 27, 09:37 AM    #

  3. It’s fools gold. It is simply a capitalization. The City could do it by themselves, and more effciently, using tax exempt munis to set up an authority.

    — Mike    Aug 27, 10:52 AM    #