Wanted: BP-funded projects that will last decades

Wanted: BP-funded projects that will last decades

The crowd offered plenty of ways to spend BP economic damages money, but only one person suggested how not to spend it.

Lt. Gov. Tate Reeves had Gulf Coast Business Council President Ashley Edwards moderate Thursday the second of three town halls on the Coast to gather ideas about what to do with $750 million the state will receive over 15 years from BP for damage to the economy caused by the 2010 oil disaster in the Gulf of Mexico.

A theme is starting to emerge. Government officials, business people and others suggested developing a long-range plan to set up a trust fund or revolving loan system to finance bigger projects.

Sun Herald
10/26/16