State law and City policy do not allow a cross-subsidy of the City’s telecommunications utility, and transactions between the telecommunications fund and other city funds has been based on market loans, not subsidies.

The Reason report’s financial conclusions were made with data available at the end of the City’s 2005 fiscal year, when the project was only partially constructed. Newer audited data is now available, which challenges Mr. Titch’s conclusions.

And it is critical to recognize that the iProvo project is a pioneering effort. But as the descendants of those who pioneered America, the West and Utah, the residents of Provo understand, that although every pioneering effort has challenges, meeting those challenges with courage can bring great rewards to the pioneers as well as future generations.

said by TKJunkMail :

...In other words, the Titch report was accurate based on the data available when it was published. But we now have new data that says his report is no longer up to date. Well, Duh!!

said by nasadude :

In other other words, the Titch report gives a distorted picture of the project because it uses year old data. I suppose if the report had been released last year, it would have been accurate; why did Titch release an inaccurate, outdated report? Because he wanted to give a misleading picture?

said by nasadude :

not hard to understand, just hard to justify. He knew (or should have known) at the time the project was not completed.

I guess I would look at it as if someone reported a football score in the 3rd quarter as the final score - those facts don't really tell you who won the game, just how the game is going in the 3rd quarter.

Titch purports to be telling us the final score when the game ain't over yet.

said by TKJunkMail :

Oh, I get it now. No one can comment on the iProvo project until it is completed - say in 10 yrs or so? Sorry Charlie, it doesn't work that way.