Posted on 25 March 2011.
By DAVID BORAKS
MOORESVILLE - Cable companies including Time Warner are backing a bill in the state legislature that would make it more difficult for cities and towns to operate telecommunications systems like MI-Connection, which is owned by the towns of Davidson and Mooresville. As the bill advances, MI-Connection’s lobbyist is trying to fend off the restrictions.
Also Friday, MI-Connection’s chief acknowledged that revenues are below projections for fiscal 2011, though expenses also will come in lower than budgeted. See below.
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Posted in Business, Cornelius, Huntersville, Mooresville, Politics
Posted on 11 March 2011.
Download a copy of the March 4, 2011, MI-Connection letter to the LGC below.
By DAVID BORAKS
The Mooresville- and Davidson-owned MI-Connection Communications System will continue to need big cash infusions from the two towns over the next several years to cover payments on its massive debt, the system’s board acknowledged in a letter to state officials last week.
In new financial projections that the system describes as “conservative,” the board says it will need a total of nearly $17 million from the towns in fiscal 2011, 2012 and 2013. That includes an already-budgeted $6.46 million this year and new estimates of $5.89 million next year, and $4.51 million in two years. Read the full story
Posted in Beyond Davidson, Business, Cornelius, Mooresville, Town Hall
Posted on 10 March 2011.
Posted in Business, Cornelius, Mooresville, Town Hall
Posted on 28 February 2011.
Posted in Business, Cable TV, Calendar, Town Hall