Capital for a Billion Dollar Human Services Policy

Cincinnati Change believes that we should sell the Cincinnati Water Works and the city railroad The Cincinnati, New Orleans and Texas Pacific that we lease out.

Then we will have real money to decide how to invest in a better Cincinnati. Cincinnati Change has hired a economist and engineer who estimated we could get over a billion dollars - the city not the region. Under this proposal we could could earn an extra 30 million a year, after equaling what these city owned assets earn the general fund. Then lets invest that into people and the infrastructure to change Cincinnati over the next 30 years.

We assume we (the people via petition) would use the money to buy Cincinnati real estate (unlike the stock which is the current favorite of the pension funds) - like Mt. Auburn which would cost $100M to buy and or debt from institutions that want to stay in our neighborhoods like Christ Hospital which needs to build new facilities and buy new equipment to reduce the age of their infrastructure. All this would earn us at least 7% annually. And our water quality would stay the same or go up through an agreement with the new owners.

These monies would even cover the city general fund as our current money fund managers of the 2 billion dollar city pension fund can not earn enough money to cover expenses. So far to the tune of 16 million dollars a year or more. This money then has to come out of the general fund.

If the question of private ownership bothers you then have the 2 billion dollar pension fund buy them.