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Provo eyes ways to fix its network
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What happens when the city starts paying all this money for "other" iProvo services? That just means that every other city agency is now coming up short and must cut services or raise more money. So on it goes costing more and more and what has actually been done to make this new business profitable? Nothing! It is just an elaborate shell game.
The Mayor is right, selling is only a good option if the city were able to sell for something close to what they owe. If they sold now and did not get near what they own, they would still be making the payments of the millions or tens of millions(?) difference. If they improve the network subscriber numbers, increase uses (meter reading, etc), (as suggested by the Mayor and two independent outside consultants) and THEN sell (when the corn is ready to harvest) they will be much better off.
iProvo has trouble and needs the support of Provo citizens....not panic selling. The best way to help iProvo is to sign up and keep your money in Provo and not send it to Denver (Qwest) or Penn. (Comcast).
Perhaps the power to fix iProvo and get it ready for a sale rests more in the hands of Provo residents (by signing up) than the Mayor or Council.
Time to let private companies do what they do best. Bureaucrats like to dabble, but it inevitably leads to the taxpayers bearing the cost of their hubris.
what do you get...... debt
own up to it, get rid of it.
I don't know if iProvo can make a go of it, but they have no business asking the city residents to subsidize it.
The best thing the residents of Provo can do is support the project. If you you are so concerned about doing what is best financially for the city then help get the project out of debt. That will be better the complaining and try to sell and make the city lose even more money.
Don't be fooled.