Re: “How to stanch Click’s bleed? 3 start choice” (TNT, 6-28).
I think the headline is misleading. According to the article, Click is losing $3.8 million per year. In previous articles it was $9.5 million, then $7.5 million and now $3.8 million. It’s apparent that Tacoma Public Utilities' accounting is still unsettled, but I’ll stipulate that the annual loss is $3.8 million.
With 170,000 ratepayers, the “bleed” is trivial - $1.86 per month per ratepayer. If the survey had asked, “Is $1.86 per month too much of a burden to keep Click?” the survey might have yielded a different answer.
It’s still unclear why a subsidy of $1.86 per month motivates TPU to shed itself of Click and lease it to a third party. The benefits of retaining local control should easily outweigh the downside of a $1.86 per month subsidy. And a lease deal is not the only option presented that makes Click profitable. In fact the intangibles may make them an even better option. They should be explored with the same vigor as has eliminating the subsidy.
TPU is placing too much faith in the benevolence of an outside entity with no ties to the community. Eliminating a small $1.86 per month subsidy shouldn’t be the deciding factor.