Been hearing alot of talk about reviving this agency and giving them bonding authority, which basically means they can incur more debt which the tax-payers are on the hook for.
Lets take a look at last year’s auditor’s statement and page 36. Looks like the WRA lost $1,687,769 for the fiscal year ending June of 2104. As far as we know the only asset under control of the WRA in Union Station.
Our feelings that until the WRA can at least run Union Station at a break-even, why would we want them to do more investing on behalf of the City of Worcester when they are losing approximately $140,000 per month running one property?