I'm not sure anyone has pointed out one of the happier circumstances of this potential sale. Sorensen capital and Broadweave are not plunking down $40 million right NOW. They are establishing a rent to own agreement, paying off the cities monthly bond payments with a small payment to the city. If Broadweave failed to make payments, then the network is still the property of Provo.
If Broadweave is as bad at running this network as iProvo has been, or charges too much for too little bandwidth, then they won't make money and the network is once again the property of Provo. If however they provide compelling service to an increasing subscriber base, and make payments for the next 20 years, then this will have been a relatively good deal for a city which got itself a fiber network for a relatively cheap price. I'm not saying I like the whole deal, but it could be worse. Scott K. On Wed, Jun 4, 2008 at 3:49 PM, Gary Thornock <[EMAIL PROTECTED]> wrote: > > On > the other hand, Utopia is looking for more money right now; the > chances of a 40 million dollar offer coming from that direction > are slim at best. >
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