[TriLUG] OT: URGENT: H.129 to be heard in Thursday's Finance Committee!

[David Hostetler]

"Again, it's all fully vetted. It's run like a business because it IS a
business. Does that make sense?"

Yes it does.  So long as it is run like a business, adheres to the same
rules and comes up with it's own pool of capital, I'm all for it.

----
Dave Hostetler
M: 919.333.0591
hostetler.david at gmail.com


On Tue, Mar 15, 2011 at 4:36 PM, Mark Turner <jmarkturner at gmail.com> wrote:

> On 03/15/2011 04:21 PM, David Hostetler wrote:
>
>  If that is wholly 100% true, then my issue with it goes down a little, but
>> are we saying that the venture is profitable straight out of the gate?
>>
>
> All of this is fully vetted. Any municipality seeking large financingt must
>  first have the project thoroughly vetted by the state's Local Government
> Commission. They must produce a business plan like any other business.
>
> Let's consider Wilson's Greenlight service. Greenlight has a business plan,
> and while the service is is not yet profitable it's on track to be.
> Greenlight's subscriber numbers are well above plan, according to the city.
> And as I mentioned in a previous post, that fiber can be used for many more
> decades - it's a long-term investment.
>
> The city owns the infrastructure. City staffers (in Wilson, not New York or
> Bangalore) answer the phone and provide support. All of this is paid through
> revenue bonds.
>
> If that weren't enough, the city leaders are on the hook and are directly
> answerable to the voting public. Try voting out the leadership of Time
> Warner Cable!
>
> Again, it's all fully vetted. It's run like a business because it IS a
> business. Does that make sense?
>
>
> Cheers,
> Mark
> --
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