Investing in Baltimore's Aged Sewers

[Alexander Merritt]

Hello BP

Recently I heard a little piece from Marketplace on NPR about how Baltimore is facing a crisis due to it's very old infrastructure. Basically the whole sewer system needs to be replaced and there is a preliminary estimate it will cost 1.5 BILLION!

Is anyone aware or concerned about this? Would this information deter investors? Or do you think that since a lot of cities are in the same predicament that it's just not something that is really thought of?

Here's the article

http://www.marketplace.org/topics/sustainability/w...

[Ned Carey]

Baltimore commissioned a study that said they would be bankrupt in 10 years. Baltimore is run by liberals. That means they act based on what sounds good not on what makes economic sense. 

As an example of their inefficiency, Just tonight I was going through mail from the city. I got two bills for properties I sold 2-3 months ago and 1 $1500 violation for a property i have never owned or had any interest in. 

It doesn't stop me from investing there. The returns are too good to ignore. I believe the current mayor is a good one. There are also many positives for Baltimore.