UTOPIA cities form new agency seeking $60 million in bonds

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  • NedGrimley
    July 9, 2010 11:01 a.m.

    I have long been a proponent of the idea of UTOPIA. Not because it was UTOPIA but because of the fiber infrastructure. However, over the last few months/years the GROSS MISMANAGEMENT of UTOPIA has turned what should have been a great thing into a bottomless rat hole. It's time to stop throwing money at them. I would rather the city pay for the infrastructure ourselves than continue to watch UTOPIA flush it down a hole.

  • JesseHarris
    July 9, 2010 10:22 a.m.

    Everyone seems to be missing the point. The $60M is only touched for construction to hook up new customers. Those new customers will bear the entire burden of the cost of construction thus assuming the bond. The cities don't spend anything but gain everything. Why Perry and Tremonton rejected such a proposal is well beyond my understanding since it shifts more of the burden away from the cities generally and onto the subscribers.

  • AlexanderTWolf
    July 9, 2010 9:22 a.m.

    @One Utah Taxpayer - UTOPIA is not dead. And, make no mistake, you are paying connection charges to Qwest. They are embedded in your bill and you have no visibility into how much they are charging you. You also will be paying them forever, instead of seeing a reduction in your bill once they are paid for. Why do you think the "promotional" prices jump up so dramatically after the first 6-months? Why else do they sign people up on a 6-month promo, with a 2-year contract?

    Bottom line is that this is critical infrastructure that we need to bolster our economy.

  • regis
    July 9, 2010 1:46 a.m.

    So I'm hearing that the UTOPIA cities have ponied up as much as $3 million per city to pay off UTOPIA bonds. And this after taxpayers were repeatedly assured their tax money would NEVER be used, and that revenues from the venture would pay for the bonds.

    Is this all correct? And if it is, where are cities coming up with that kind of money? Laying off police and firemen? Where does the money come from?

  • One Utah Taxpayer
    July 8, 2010 10:11 p.m.

    UTOPIA is dead...is that why they created UIA is because no one will now lend to UTOPIA?

    It was a noble effort but let the private sector build it out. I get 20MB DSL service from Qwest which has been great and I don't need to pay $3,000 connection charges or put a lien on my house.

    Cities: Cut your losses, pay what you committed to pay and move on.