A good friend of mine came up with an apt acronym for the few diehard fans of the Clean Line Energy projects.
MIMPSY: Money In My Pocket, Screw You!
The MIMPSYs are in high gear in South Dakota, eagerly salivating at all the money they will rake in if the states of Iowa and Illinois allow their people and their land to be used to build Clean Line's money-making "road to market."
For years, Clean Line has been telling Iowa's economic development types how much money will flow into Iowa if it only forces approval of its Rock Island Clean Line project.
But, it now appears that at least a third of the riches promised to Iowa in exchange for its sacrifice will flow to South Dakota instead.
Dakota Power Community Wind has been pumping itself up in the media lately, trying to raise enough capital to build a wind farm of up to 1,000MW in eastern South Dakota. This is nearly one-third of RICL's proposed 3,500MW capacity.
A recent article claims the benefits South Dakota will reap from the building of RICL:
MIMPSY: Money In My Pocket, Screw You!
The MIMPSYs are in high gear in South Dakota, eagerly salivating at all the money they will rake in if the states of Iowa and Illinois allow their people and their land to be used to build Clean Line's money-making "road to market."
For years, Clean Line has been telling Iowa's economic development types how much money will flow into Iowa if it only forces approval of its Rock Island Clean Line project.
But, it now appears that at least a third of the riches promised to Iowa in exchange for its sacrifice will flow to South Dakota instead.
Dakota Power Community Wind has been pumping itself up in the media lately, trying to raise enough capital to build a wind farm of up to 1,000MW in eastern South Dakota. This is nearly one-third of RICL's proposed 3,500MW capacity.
A recent article claims the benefits South Dakota will reap from the building of RICL:
"The economic potential for our area is tremendous and uses South Dakota's renewable resources to help solve our country's energy needs," said Beresford Mayor Jim Fedderson.
Based on a study done for a similar project, Dakota Power says the potential revenue from turbines to landowners could be between $6 million and $7 million annually. State gross production annual tax receipts could reach more than $4.5 million and the county nameplate tax revenue could equal $3 million per year. Statewide direct economic effect could be more than $200 million.
But, wait, all that money is flowing directly out of the money RICL has promised to Iowa in exchange for allowing RICL to be built as a closed highway through the state. South Dakota's windfall is coming directly from the pot of money RICL promised to Iowa! How much more of RICL's economic promise to Iowa is going to evaporate if RICL is permitted?
Pure and simple greed can turn even the finest men and women into blinded fools.
Or MIMPSYs. A handful of South Dakota landowners hosting turbines are expected to rake in $6 to $7 MILLION dollars per year if RICL is built. What are the thousands of landowners hosting the line in Iowa and Illinois expected to be paid for their contribution to the effort by hosting the line? I think I heard something like $500 annually for each tower, if the landowners accepts less than fair market value for the easement and opts for the annual payment scheme.
Why the disparity? Why are just a few landowners in South Dakota going to rake in $6-7 million annually, while the rest of the host "team" must settle for $500?
Stop. Think. If it sounds too good to be true, it probably is. Don't let greed blind you.
Pure and simple greed can turn even the finest men and women into blinded fools.
Or MIMPSYs. A handful of South Dakota landowners hosting turbines are expected to rake in $6 to $7 MILLION dollars per year if RICL is built. What are the thousands of landowners hosting the line in Iowa and Illinois expected to be paid for their contribution to the effort by hosting the line? I think I heard something like $500 annually for each tower, if the landowners accepts less than fair market value for the easement and opts for the annual payment scheme.
Why the disparity? Why are just a few landowners in South Dakota going to rake in $6-7 million annually, while the rest of the host "team" must settle for $500?
Stop. Think. If it sounds too good to be true, it probably is. Don't let greed blind you.
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