— from John Fleischer —

According to Rock Island’s own business plan, their forecasted debt will rise from 25 million dollars this year, to over 26 million dollars by 2022. Projected revenue won’t even be able to cover the debt service until year 2024, much less pay off debt.   

In the original conversations with OPALCO concerning the purchase of Rock Island, I was told not to worry, that OPALCO would be able use the profits gained from Rock Island to help finance projects like submarine cables hopefully starting in 2021.

OPALCO is responsible for Rock Island’s debt. How much further down the rabbit hole do we go?   

**If you are reading theOrcasonian for free, thank your fellow islanders. If you would like to support theOrcasonian CLICK HERE to set your modestly-priced, voluntary subscription. Otherwise, no worries; we’re happy to share with you.**