OBTW, the money is "supposed" to
create jobs.....However, kinda knowing quite a bit about marine refits.....EVERY mechanic, welder, electrician, fabricator, pipe fitter, etc,....Will be from an existing company.
So the "net"
creation of jobs will be a big fat ZERO....
But hey, the local marine companies make something. As I'm sure the old girls engines are not up to California Emissions....
Too bad, those old diesels were rock solid.
http://www.theblaze.com/stories/wait-l-a-spent-how-much-in-stimulus-cash-to-renovate-a-vip-yacht/-snip-
“The port is using $489,000 in federal taxpayer stimulus money that is supposed to go create jobs, plus another $200,000 coming from the port — totaling $689,000 for new engines [emphasis added],” CBS Los Angeles reports.
“It’s not helping to create any real jobs,” said Tom Schatz with Citizens Against Government Waste (CAGW).
“It’s a big waste of money both for taxpayers across the country and for Los Angeles residents, who clearly aren’t all going to benefit from this and are spending money at a time when the city is more than $70 million in the red,” Schatz said.
*****
That 78' could be re-powered for about $350k roughly $150k per engine for nice American CATS, and $50k for the work....
but hey as long as it's FREE MONEY!!!!! Maybe it will run on french fry oil too....
