Here's the link to what has lead me to my next step.
http://forums.corvetteforum.com/c5-tech/1951626-c5-ignition-switch-repair.html
In stead of taking the switch apart I bought one for $54. It's not worth my time at this point to fix it. I'll do that later to have a backup.
If this is it I'll have this solved next weekend.
On a side note. The wife and I took it out for a drive on Friday before some errands. There is a fun S-turn on one of the roads. When I'm first at the light I like to take it as fast as I can. Well this time I had completed the first turn and was seeding up to the second (this part is on a hill). Come down the hill there are three motorcycle cops sitting at the second turn




