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This page contains a single entry from the blog posted on July 24, 2005 1:16 AM. The previous post in this blog was Magic moment. The next post in this blog is Latest Rove rumor. Many more can be found on the main index page or by looking through the archives.

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Sunday, July 24, 2005

Funny math

KOIN's reporting (last sentence) that the city spent about $1 million on its ill-fated quest to take over Portland General Electric.

But given that the city's out-of-pocket expenses on the PGE takeover had already reached $850,000 by June 2003, that can't be anywhere close to right.

UPDATE, 7/26, 12:09 a.m.: The Sunday O put the number at $2 million. Still seems low.




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