SAWS details changes to the Vista Ridge project to the City Council.
It centers around a shift in project equity and ownership from troubled Abengoa to Garney Construction.
“Garney purchasing up to 80% equity stake in the project, but getting 100% of the decision making,” SAWS’ Robert Puente said.
And after the explanation, it seemed like the council members were still on board, despite the recent changes.
“We live in an area of the country where drought will occur and we’ve got to somehow make sure that we are protected against those droughts,” Councilman Mike Gallagher said.
“This is a project that has risks associated with it, which is why it’s so important that we get the contract right, with the right people,” Councilman Ron Nirenberg said.
There’s been some concern about risk shifting to the taxpayers, but Puente told the council that’s not the case.
“The project risks are the same as before, they will be assumed by Garney,” he said.
He also told the council that the project cost might decrease.