The
Editor:
Council’s vote to close Blaine’s airport is like
jumping off a cliff before knowing how high or what lies
at the bottom.
The only way a voter could possibly decide intelligently
would require first knowing, 1), how much liability the city
can expect from breach of contract and, 2), how much the
FAA will charge Blaine for closure?
Without knowing this information, how could voters be expected
to make the best decision? The shortfall between what the
developers ultimately offer and what the city’s expenditure
becomes will result in a windfall profit for the developer
at the expense of taxpayers.
You can bank on that, because the 416 point drop in the Dow
Jones Industrial Average (DJIA) recently (the seventh largest
single day drop ever) was the result of the fact that the “sub-prime” mortgage
market has reached a level of default that regulators felt merited
mandating significantly higher credit standards.
The financial impact of this “tightening” by
banks is widely believed to be capable of abruptly recessing
the entire U.S. economy through reduced consumer spending
patterns.
Economists are seriously concerned defaults and the
spiral effect created when banks collectively move to quickly
unload huge numbers of foreclosed properties will cause this
phenomenon to spread to “prime” borrowers, or
middle-income-bracket America.
This situation has serious implications for Blaine’s
economy, because the local economy has experienced the most
aggressive speculation compared to all other regions.
Bellingham was ranked the 16th “most overheated” real
estate market in the entire U.S.
Therefore, it is essential that our city council act to curb
even more speculation by protecting Blaine’s assets;
yes, the airport is a financial asset, one of Blaine’s
largest.
In 2001, 5 percent of all mortgages were “sub-prime” or
considered risky due to the borrower’s unstable financial
condition, by 2007 that situation had grown to 20 percent
of all mortgages nationally.
Thirty-six large national mortgage lending firms have recently
declared bankruptcy due to this rapidly expanding problem.
In the face of this kind of real estate market, ask yourself
what kind of offer the city can expect for its airport property?
Shame on our council.
Lincoln Rutter
Blaine
The Editor:
The Healthy Youth Act (SB 5297) was voted out of the Senate
Education Committee and I want to personally thank Senator
Brandland who voted for it!
John Chadwick
Birch Bay
The Editor:
I was utterly disgusted when I read the story about the
mudslides that closed the BNSF railway tracks near Crescent
Beach during Sunday’s torrential rains.
BNSF spokesperson Gus Melonas stated that after the mud
and fallen trees were cleared the line was re-opened for
freight traffic but not for passenger trains as it wasn’t
considered safe.
He went on to say that it would remain closed to Amtrak
trains for 24 hours and that passengers would be taken
by bus instead. Am I wrong in thinking that if a train
track is too risky for passengers, it is unsafe for 100
car freight trains carrying tankers of dangerous goods
and toxic chemicals?
The entire bluff above these tracks from White Rock to
Crescent Beach is geologically unstable and has a long
history of landslides.
There have already been nine derailments across this area
all caused by mudslides during heavy rains. Almost a hundred
slides or slumps are visible from the rail bed and there
is mud between the rails in over a dozen locations. Four
mudslides actually hit the tracks during the storm with
two occurring in White Rock and the two reported in Surrey.
The landslide detector fence located along this bluff is
useless as it does not run the entire length of the hill
to where a passing freight train ran into a wall of mud. Most
of the previous derailments were caused by mudslides triggered
by the vibrations from passing trains.
When this happens they fall from the tracks onto the rocky
beach below. The risk of polluting the water or releasing
toxic clouds poisoning people cannot be overstated.
When heavy rains are forecast, the BNSF line should be
closed to all rail traffic. It should not be reopened until
the saturated ground has been given time to drain. While
protecting Amtrak passengers, BNSF is putting peninsula
residents and the marine environment of Boundary Bay at
risk by running loaded freight trains across this hazardous
stretch of track.
This is not a local issue. A spill into these waters would
destroy beaches in both Canada and the United States.
There are many people who are working to have this railway
relocated to a safer inland corridor capable of supporting
planned high-speed rail.
They are tired of the railway playing Russian roulette
with human lives and the waters of Boundary Bay. We
believe that beaches are for families, not BNSF freight
trains.
Don Pitcairn
South Surrey, B.C.
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the opinions expressed are not those of the editor. Letters
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