Federal taxpayers are footing the bill for renovations on a million-dollar yacht owned and operated by the city of Los Angeles, according to a local CBS report:
With the city going broke you may be surprised to find out that Los Angeles is the proud owner of a million dollar yacht and it is about to undergo hundreds of thousands of dollars in renovations at taxpayer expense.
The Angelena is now in drydock at the Port of L.A. and has not been out on the high seas since September. But over the next couple of months they will be spending close to three quarters of a million dollars on upgrades…
The port is using $489,000 in federal taxpayer stimulus money that is supposed to go create jobs, plus another $200,000 coming from the port — totaling $689,000 for new engines.