Camelot! It's Only A Model
The local saga of the money pit called the Hiawatha light rail line continues:
Everyone knows a new car loses value the minute it's driven off the dealer's lot, but that's nothing compared with what the Metropolitan Council faced.
The council spent $605,737 last year for a model of one of its Hiawatha light-rail cars. Ten months later, it sold it back to the Canadian manufacturer, Bombardier, for $60,000.
"I've heard of depreciation, but this is absurd," Rep. Phil Krinkie, R-Shoreview, said Thursday. "This is an embarrassment that the Met Council would accept such a ridiculously low offer."
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