Tuesday, February 22, 2022

Carlyle Milks Missoula for Final $4.13 Million


NBC Montana
reported:

An item on the Missoula City Council committee agenda details an expected settlement with the Carlyle Group over any lingering litigation and a bad faith lawsuit.

The cost of the settlement is $4.13 million. City documents indicate all will be paid from the water utility.

Water officials plan to issue bonds to pay that bill. It will add annual debit service payments of $318,000 which the city says can be paid from existing rates.

 Public-private partnerships can leave a bad taste that lasts a long time.