ricep5
Premium
join:2000-08-07
Jacksonville, FL
 ·AT&T Southeast
 ·AT&T CallVantage
·VoicePulse
 ·Comcast Formerly ..
| Re: What a crock! "where did the city come up with the money for the Fiber network..our taxes and now they will charge you to use that fiber that you paid for already"
Wrong Junior.
The selling of bonds pays for the network, not taxes. Only subscriber revenue pays for those bonds. If a taxpayer didn't want to subscribe, they wouldn't owe a thing. Even if the thing went completely bust, the bonds could be sold to a 3rd party where they could be the owner/operator or the assets sold to pay off bondholders.
As the earlier post said, this is a clear case of "regulatory capitalism" |
