Editor:
Knock me over with a feather. Todd Stone says that the BC Ferries are ‘burdened’ with a $1.25 billion debt, and it’s ‘off the books’ right now (Coast Reporter, Oct. 3).
If the government were to take the ferries back and assume the debt, ‘it would damage the province’s credit rating.’
First of all, a debt of $1.25 billion is two and half times the size of the fast ferry debacle. Where did he think that debt came from in the first place? Could the failed policies of the Liberal government have anything to do with it? Does he really think that investors into the province are not aware of that debt, and know where it really belongs?
As a footnote, one also needs to mention that the fast ferry debacle spawned a healthy aluminum boat building industry in B.C., employing people, paying taxes. This has largely gone unreported.
Klaus Blume, Gibsons
