Orem pledges $24M bond to fund UTOPIA construction

Return To Article
Add a comment
  • JMOpinion Orem, UT
    March 3, 2013 9:03 a.m.

    Isn't this interesting? Orem has been crying foul since residents successfully passed a referendum putting their proposed property tax increase to a vote. They have claimed they are having to lay off workers, people are being forced to retire, and you can bet they are going to raise fees because "they" stopped the needed flow of money. Now they can pull $53,000 A MONTH out of their hats for two years because it wasn't needed elsewhere? How about it being needed for salaries, costs, and to pay for needed services like fire and police? I smell something rotten. It isn't in Denmark.

  • James F. Orem, Utah
    March 1, 2013 12:17 p.m.

    If residents get fiber through UTOPIA for "A LOT LESS" then why does UTOPIA need to "BEG" for more money from the UTOPIA cities. The answer is because the reason UTOPIA can offer "A LOT LESS" is they have a "BOTTOMLESS PIT" of funds to draw on from the "WE KEEP OUR PROMISE CITIES" who have leaders that don't have a clue about how the "REAL" business world works. The "BEST" move that Orem could have made was to stand with Murray & Tremonton, and "SAY NO" to any further UTOPIA financial assistance, and then to "ONLY" pay what had been committed towards UTOPIA in the past. UTOPIA would ultimately show its "FAILURE" to be able to survive in the "REAL WORLD." Then UTOPIA as an "ENITY" would file for bankruptcy, and the Bankruptcy Judge would look with an raised eye brow at the Bonds co-signed by each UTOPIA CITY, especially since the "UTOPIA ENITY" no longer is able to meet its Bond promises. The Bankruptcy Judge would acknowledge that the City co-signed "UTOPIA ENITY" no longer is capable, sell off assets, and apply the eventual loss to the "HOPE YOU DON"T NOTICE UTOPIA BONDHOLDERS"

  • JRussell Lehi, UT
    March 1, 2013 9:12 a.m.

    @ RCS

    As the Communications Manager for UTOPIA, I'm trying to leave a comment here about how residents can get fiber into the home for a lot less than most realize, but the DesNews keeps denying it because it's "advertising."

    So, without any specifics, let me just say that there are less costly options.

  • Pujols4mvp Lehi, UT
    March 1, 2013 7:58 a.m.

    Thank you, AlexanderTWolf, for restoring my faith in readers.

  • AlexanderTWolf Lindon, UT
    Feb. 28, 2013 9:08 p.m.

    @RCS - Wi-Fi = no cables needed? That just isn't true. Every wireless tower taps into fiber optic cables somewhere. The better the connection at the tower, the better the wireless coverage. And, if you live in Orem you are already paying for it whether you connect or not. The more people who connect, the less tax money will be spent. So many comments refer to UTOPIA as a private company -- it isn't. It is a government entity that in many respects is merely another department of the participating cities. Finally - Orem didn't pledge another $24 million, that's the amount of the potential bond. Orem's contribution is much smaller. Gotta love "accurate" reporting.

  • RCS Orem, UT
    Feb. 28, 2013 6:27 p.m.

    Here is another item that no one seems to be talking about: The city (via UTOPIA) can lay the cable, but they can't make the citizens connect and use it. I personally will NOT pay the price being charged to connect. Bring that price DOWN or you will find that the majority of Orem citizens WILL NOT CONNECT. Then where will Orem be and the Orem City Council's decision at the beginning and these continuing decisions to fund UTOPIA? It looks like a LOSE/LOSE situation to me. I'm sorry. The buck stops with the Orem City Council that originally went with UTOPIA, and later councils that continue to fund this project.

  • RCS Orem, UT
    Feb. 28, 2013 6:22 p.m.

    I thought the venture was foolish at the time that UTOPIA was initially looked at by the Orem City Coundil -- for this reason: computer technology moves too fast. No one knew then what was coming even 5 years out. Now we have Wi-Fi, etc. No cables needed. I have no doubt that no one talking to the city council had the vision to know if Orem should bank on the UTOPIS technology for the future, and commit the city's funds to do so. My understanding also was that UTOPIA promised it would be self-sufficicnt. What happened to that? And now to keep adding more and more and more funds, with no end in sight, I'd say BAIL as this article has said Murray City and Tremonton have done. The city responds by saying, We have to keep our Promise. I say, What happened to their PROMISE to be self-funding? Were these additional bonds and funds part of the original deal? Why not? This venture has lost money from the start. It is not a pretty picture, sorry to say.

  • stuff Provo, UT
    Feb. 28, 2013 5:11 p.m.

    Great. At least someone is working to make this thing work! I wish Orem and Utopia all the best. Seriously.