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[quote user="Murray"] This editorial was in today's Washington Times: EDITORIAL: Monumental waste Time to derail Amtrak’s $7.5 billion Union Station face-lift <a href="http://www.washingtontimes.com/news/2012/aug/7/monumental-waste/">http://www.washingtontimes.com/news/2012/aug/7/monumental-waste/</a>  [/quote] As noted in my initial post, The Union Station Redevelopment Corporation, which is a federally sponsored private nonprofit corporation, owns and manages Washington's Union Station. The corporation has met all of its financial obligations since its inception, including debt service on the bonds sold to fund the redevelopment of the station.  Based on my read of the financial statements, the company is more than paying its way.  Not only has it met its obligations to its key stakeholders (Amtrak, Washington, etc.), it pays property and other taxes to the District. I am not a fan of having the government own or run any commercial enterprise that can be managed by a properly regulated, competitive business enterprise.  It is no secret that I would privatize Amtrak in a heartbeat.  Having said that, however, I try to be fair.   The Union Station Redevelopment Corporation is an example of a private/public partnership that has worked reasonable well. There is no reason to believe that it would not continue to do so after making the proposed updates to the station outlined in the master plan.
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