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	<title>Comments on: BC PacifiCats sold to Abu Dhabi; TransLink, Ferries review ordered</title>
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	<link>http://www.francesbula.com/uncategorized/bc-pacificats-sold-to-abu-dhabi-translink-ferries-review-ordered/</link>
	<description>Vancouver city life and politics</description>
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		<title>By: Mary</title>
		<link>http://www.francesbula.com/uncategorized/bc-pacificats-sold-to-abu-dhabi-translink-ferries-review-ordered/comment-page-1/#comment-13860</link>
		<dc:creator>Mary</dc:creator>
		<pubDate>Thu, 30 Jul 2009 00:49:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=1834#comment-13860</guid>
		<description>dock, not dry dock http://www.pbase.com/kstapleton/end</description>
		<content:encoded><![CDATA[<p>dock, not dry dock <a href="http://www.pbase.com/kstapleton/end" rel="nofollow">http://www.pbase.com/kstapleton/end</a></p>
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		<title>By: Chris Keam</title>
		<link>http://www.francesbula.com/uncategorized/bc-pacificats-sold-to-abu-dhabi-translink-ferries-review-ordered/comment-page-1/#comment-13856</link>
		<dc:creator>Chris Keam</dc:creator>
		<pubDate>Wed, 29 Jul 2009 23:39:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=1834#comment-13856</guid>
		<description>further to the discussion of the FastCats and salt-water... they&#039;re made of aluminum. Rust is not the issue it is with steel boats. IIRC, as long as the boats have &#039;zincs&#039; attached they&#039;ll do just fine.

Regarding the deal itself, Washington Marine Group has an enviable track record for making money. My guess is that the deal is a good one for them. BC taxpayers on the other hand....

Fast, mostly passenger ferries are going to be a popular item in just a few years when fewer and fewer people will bring their cars to and from Vancouver Island. It&#039;s a shame we saw our investment parleyed into a cynical political move.</description>
		<content:encoded><![CDATA[<p>further to the discussion of the FastCats and salt-water&#8230; they&#8217;re made of aluminum. Rust is not the issue it is with steel boats. IIRC, as long as the boats have &#8216;zincs&#8217; attached they&#8217;ll do just fine.</p>
<p>Regarding the deal itself, Washington Marine Group has an enviable track record for making money. My guess is that the deal is a good one for them. BC taxpayers on the other hand&#8230;.</p>
<p>Fast, mostly passenger ferries are going to be a popular item in just a few years when fewer and fewer people will bring their cars to and from Vancouver Island. It&#8217;s a shame we saw our investment parleyed into a cynical political move.</p>
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		<title>By: Todd Sieling</title>
		<link>http://www.francesbula.com/uncategorized/bc-pacificats-sold-to-abu-dhabi-translink-ferries-review-ordered/comment-page-1/#comment-13854</link>
		<dc:creator>Todd Sieling</dc:creator>
		<pubDate>Wed, 29 Jul 2009 22:30:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=1834#comment-13854</guid>
		<description>&gt; Would the Liberals ‘really’ low-ball a bid to make the NDP look bad?

Hell yes. In just this last election we had a budget surprise that was some 30% off pre-election talk, withholding welfare numbers until after the election, destruction of emails around the sale of BC Rail, and so on. The Pacificats were such a hot button topic when they came into power that selling them quickly and pitching it as a &#039;no-nonsense cutting of losses&#039; move played very well into the marketing, so I can see accepting a low offer to make the loss look bigger. In the end, they can just blame it on the previous government. Don&#039;t think for a second they care about how tax money is saved or spent; it&#039;s only about power.</description>
		<content:encoded><![CDATA[<p>&gt; Would the Liberals ‘really’ low-ball a bid to make the NDP look bad?</p>
<p>Hell yes. In just this last election we had a budget surprise that was some 30% off pre-election talk, withholding welfare numbers until after the election, destruction of emails around the sale of BC Rail, and so on. The Pacificats were such a hot button topic when they came into power that selling them quickly and pitching it as a &#8216;no-nonsense cutting of losses&#8217; move played very well into the marketing, so I can see accepting a low offer to make the loss look bigger. In the end, they can just blame it on the previous government. Don&#8217;t think for a second they care about how tax money is saved or spent; it&#8217;s only about power.</p>
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		<title>By: urb anwriter</title>
		<link>http://www.francesbula.com/uncategorized/bc-pacificats-sold-to-abu-dhabi-translink-ferries-review-ordered/comment-page-1/#comment-13853</link>
		<dc:creator>urb anwriter</dc:creator>
		<pubDate>Wed, 29 Jul 2009 21:50:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=1834#comment-13853</guid>
		<description>Frotheringham: not sure if you were being facetious, or sarcastic, but I can assure you that those boats didn&#039;t spend all that time in the drydock.  

Also, in all the hubbub at the time I thought it very interesting that the engine failures were played up - but, and I might have missed it - there was little play on the Mercedes connection.

And from a distance at least one of the boats has been over at VanShip for some period of time - and the odd spark of spool-guns visible from the Vancouver side. 

Would the Liberals &#039;really&#039; low-ball a bid to make the NDP look bad?</description>
		<content:encoded><![CDATA[<p>Frotheringham: not sure if you were being facetious, or sarcastic, but I can assure you that those boats didn&#8217;t spend all that time in the drydock.  </p>
<p>Also, in all the hubbub at the time I thought it very interesting that the engine failures were played up &#8211; but, and I might have missed it &#8211; there was little play on the Mercedes connection.</p>
<p>And from a distance at least one of the boats has been over at VanShip for some period of time &#8211; and the odd spark of spool-guns visible from the Vancouver side. </p>
<p>Would the Liberals &#8216;really&#8217; low-ball a bid to make the NDP look bad?</p>
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		<title>By: Blaffergassted</title>
		<link>http://www.francesbula.com/uncategorized/bc-pacificats-sold-to-abu-dhabi-translink-ferries-review-ordered/comment-page-1/#comment-13851</link>
		<dc:creator>Blaffergassted</dc:creator>
		<pubDate>Wed, 29 Jul 2009 21:19:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=1834#comment-13851</guid>
		<description>Is it true this deal was done BEFORE the provincial election?</description>
		<content:encoded><![CDATA[<p>Is it true this deal was done BEFORE the provincial election?</p>
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		<title>By: Not Running for Mayor</title>
		<link>http://www.francesbula.com/uncategorized/bc-pacificats-sold-to-abu-dhabi-translink-ferries-review-ordered/comment-page-1/#comment-13847</link>
		<dc:creator>Not Running for Mayor</dc:creator>
		<pubDate>Wed, 29 Jul 2009 17:08:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=1834#comment-13847</guid>
		<description>Missing too many details to calculated how much Washington Marine Group has made on the deal.  Is shipping and delivery insurance included in that price? are they any changes to the ferries included? Is there a warranty provided? I have no doubt they will pocket some money but it might not be as sweet as it looks right now</description>
		<content:encoded><![CDATA[<p>Missing too many details to calculated how much Washington Marine Group has made on the deal.  Is shipping and delivery insurance included in that price? are they any changes to the ferries included? Is there a warranty provided? I have no doubt they will pocket some money but it might not be as sweet as it looks right now</p>
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		<title>By: whatever</title>
		<link>http://www.francesbula.com/uncategorized/bc-pacificats-sold-to-abu-dhabi-translink-ferries-review-ordered/comment-page-1/#comment-13846</link>
		<dc:creator>whatever</dc:creator>
		<pubDate>Wed, 29 Jul 2009 16:36:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=1834#comment-13846</guid>
		<description>That works out to close to 20% per year return... but unlike Madoff, these were real returns.</description>
		<content:encoded><![CDATA[<p>That works out to close to 20% per year return&#8230; but unlike Madoff, these were real returns.</p>
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		<title>By: Todd Sieling</title>
		<link>http://www.francesbula.com/uncategorized/bc-pacificats-sold-to-abu-dhabi-translink-ferries-review-ordered/comment-page-1/#comment-13845</link>
		<dc:creator>Todd Sieling</dc:creator>
		<pubDate>Wed, 29 Jul 2009 15:19:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=1834#comment-13845</guid>
		<description>I was never sure if the Liberals had lowballed the Pacificat sale to make the optics look as bad as possible for the outcome of an NDP project. As Frothingham says, not a bad profit at all.</description>
		<content:encoded><![CDATA[<p>I was never sure if the Liberals had lowballed the Pacificat sale to make the optics look as bad as possible for the outcome of an NDP project. As Frothingham says, not a bad profit at all.</p>
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		<title>By: Frothingham</title>
		<link>http://www.francesbula.com/uncategorized/bc-pacificats-sold-to-abu-dhabi-translink-ferries-review-ordered/comment-page-1/#comment-13844</link>
		<dc:creator>Frothingham</dc:creator>
		<pubDate>Wed, 29 Jul 2009 14:25:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=1834#comment-13844</guid>
		<description>...dry dock ;-)</description>
		<content:encoded><![CDATA[<p>&#8230;dry dock <img src='http://www.francesbula.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
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		<title>By: Mary</title>
		<link>http://www.francesbula.com/uncategorized/bc-pacificats-sold-to-abu-dhabi-translink-ferries-review-ordered/comment-page-1/#comment-13843</link>
		<dc:creator>Mary</dc:creator>
		<pubDate>Wed, 29 Jul 2009 14:21:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.francesbula.com/?p=1834#comment-13843</guid>
		<description>don&#039;t forget depreciation and the damage that sitting in the saltchuck for X years can do...</description>
		<content:encoded><![CDATA[<p>don&#8217;t forget depreciation and the damage that sitting in the saltchuck for X years can do&#8230;</p>
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