Jesse Harris gets smacked down by Utah Taxpayers Association
UTOPIA'S FINANCIALS
Rep. Urquhart and Jesse Harris have recently been discussing questions regarding the financial position of UTOPIA on their respective blogs, www.steveu.com and www.freeutopia.org. Jesse Harris has focused on what he perceives as the dearth of public information on UTOPIA’s financial position. Fortunately, UTOPIA has published much of the data Rep. Urquhart is asking for. Given the dismal story the data tells, however, it’s not surprising UTOPIA doesn’t like to talk about it.
UTOPIA’s original feasibility study projected that they would receive an average revenue per user (ARPU) of $58 (page 16). Page 29 of the same feasibility study anticipates that a take rate of less than 20% would jeopardize the $10.1 million annual sales tax pledges from member cities. Over the 20 years of the UTOPIA bonds, that means UTOPIA pledging members would have to pay $202 million.
Full Article with comments :
http://utahtaxpayer.blogspot.com/2007/11/utopias-financials.html
2 comments:
Was there a point to this spiteful and childish blog post, or were you just venting some juvenile frustration at this Jesse guy?
He steal your lunch money or something?
Great posting! It's about time someone paid attention to the failing venture UTOPIA. Jesse just has a bad case of fiber fever and that won't let him see the reality that this thing is cratering and the cities will be stuck paying for it for the next 20 years. I wish I would have been around when it began so I could be saying I told you so.
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