ADVERTISEMENT
Advertise Here
Archive

Eye On Boise

Report shows where county’s money went in Dynamis debacle, raises questions about repayment

Remarkable revelations over the weekend on the stalled Dynamis trash-to-energy project in Ada County from Idaho Statesman investigative reporter Cynthia Sewell, including that the $2 million Ada County paid to the firm planning the project went in part to buy new Mac computers and software for the firm; to pay $350 an hour to the firm's staffers for engineering services, far above the going rate; to pay $71,605 to Boise consulting firm GSA Services for helping the developer win government contracts; and included a 10 percent markup for “overhead and profit” of $180,000.

The county expects to be repaid the money, but Sewell reports that a Maryland lender has filed claims on all of Dynamis' assets - putting it ahead of the county for payoff if Dynamis fails to perform. You can read Sewell's report here.


Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Eye On Boise

Get blog updates by email

About this blog

Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.

Named best state-based political blog in Idaho for 2013 by The Fix

Latest comments »

Read all the posts from recent conversations on Eye On Boise.

Search this blog
Subscribe to this blog
ADVERTISEMENT
Advertise Here