Wednesday, March 9, 2011

One more desparate attempt to sell off RI Assets


PROVIDENCE, R.I. -- Rep. Charlene Lima, D-Cranston, is proposing a Nov. 6, 2012, statewide vote on a suggested change to the state Constitution to allow a privately owned and run casino in Rhode Island in exchange for a $100 million one-time licensing fee. Similar to a bill introduced at least once in the past, the bill envisions a competitive bidding process. But it also suggests possible locations for the state's first full-scale casino.
 In my opinion:
     
     The gambling tradition and short sight legislature once again is asking us to sell off a state assets at a bargain rate price. If a casino is a major source of state revenue, why is  it being offered as one time license and a fixed price? The license should, if we go in this direction, be subject a periodic renewal date and be awarded on the basis of an open competitive bidding process.

     The licensing authority belongs to the tax payers of RI, and the legislature should be acting as the fiduciary agent of the tax payer. Such a duty requires stewardship and acting in our interests, not some backroom deal.

     And Should the State's Constitution be used as the vehicle for such a decision? 
     Is our Constitution that petty that we seal business deals in constitution amendments?

What do you think about it?


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