only in Alaska do you spend millions to save $32,000.
FYI, 1 million invested @ 5% is 50,000 dollars. And tax free if it is in municipal bonds not in Alaska.

To bad they don't put motion detectors on the street lights and save some money.  

Over all there will be no effect on star gazing, air pollution, but on the positive side the China company making the replacements will make more money. Also, since the LEDs don't burn out the city can lay off the "bulb" changes.  Laying off 1 "bulb" changer would save more than 32k 
Someone asked a psychiatrist,' how many psychiatrists does it take to change a light bulb?' 
He replied: none  Because the light bulb has to change itself.