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Campbell is smart to cash in



Published: Fri, August 24, 2012 @ 12:00 a.m.

Campbell is smart to cash in

While the city of Camp bell’s financial outlook has been mostly negative for the last several years, we finally have something on the positive side to cheer about. Thanks to the courageous decisions and votes of Council President George Levendis, and Councilmen Bryan Tedesco and Bob Yankle, Campbell is finally headed in the right direction.

An $850,000 down payment and yearly royalty payments were offered by Hilcorp for Campbell’s oil, gas and mineral rights. With a limited window of opportunity, these guys decided to act. Despite the naysayers and finger pointers, they took the political risk and did what they thought was right for Campbell. They weighed the risks against the obvious benefits and judged the risks to be manageable.

These guys are not geologists or oilmen, but they are the men we elected to make the hard decisions for us.

There is an old saying, that “if you are not part of the solution you are part of the problem.”

Anyone sniping at this decision and looking for the downside are part of the problem. Levendis, Tedesco and Yankle are part of the solution, and I applaud them. So should others.

Justin Prichard, Campbell


Comments

1Ianacek(882 comments)posted 1 year, 10 months ago

As a Youngstown taxpayer , I'd like to see further details of the Campbell deal to see why Youngstown City can't do it .

No large gas deals have been done in Youngstown , which seems strange . Someone must be benefitiing financially from this .

The City could use gas revenues , directly or indirectly , to get the Income Tax Rate down to 2% . At the moment , the highest income tax rate in Ohio of 2.75% is deterring too many entrepreneurs & skilled workers from relocating to Youngstown .

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2UticaShale(850 comments)posted 1 year, 10 months ago

Read all my post and see how the problem is with the inept unqualified leaders of Youngstown. No educated oil and gas concern wants to even sit in the same room with these uneducated receipients.

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3UticaShale(850 comments)posted 1 year, 10 months ago

BTW, it was my company who introduced Hilcorp to the City of Campbell............and Struthers.

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4mrblue(965 comments)posted 1 year, 10 months ago

I think it is a good deal for the city. The administration must use this money to benefit all of Campbell because the voters will be watching.

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5concerncit(12 comments)posted 1 year, 10 months ago

If taxation covers our needs, why has the State of Ohio had Campbell in a state of fiscal emergency for all these years? Quit dragging your feet and open your eyes. Did you have something to gain in all those years of dispair ?

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