MOORESVILLE – Mooresville’s Town Board on Monday voted 4-2 in favor of revising the way Mooresville and Davidson share ownership and expenses from MI-Connection Communications System, the local high-speed communications network they jointly own. Davidson’s Town Board is expected to vote on the proposed revisions Tuesday night. Read the full story

By DAVID BORAKS
DavidsonNews.net

The town boards of Mooresville and Davidson this week will take up critical revisions to the agreement that governs their jointly owned communications network, MI-Connection. Mooresville’s board on Monday and Davidson’s board on Tuesday will vote on changes that would adjust the towns’ ownership shares and limit Davidson’s financial pain while the system keeps losing money. The new agreement also would limit Davidson’s gains later, if the system turns profitable, and give Mooresville a chance at bigger payoffs. Read the full story

Veterans and Mooresville-South Iredell Chamber of Commerce officials cut a ribbon to dedicate the new Welcome Home Veterans museum on Main Street Mooresville Thursday. From left: Dave Phillips, Anchor Security & Locksmith (Veteran and chamber board member); author Joe Galloway; Kirk Ballard, Chamber President and veteran; John Hedley, President of Welcome Home Vets Living Military Museum at Richard's Coffee Shop; and Kim Atkins, Mooresville Downtown Commissioner.

MOORESVILLE – A ribbon cutting with a crowd of veterans Thursday morning officially opened the new Welcome Home Veterans Military Museum at Richard’s Coffee Shop in downtown Mooresville.  The new museum is at 165 N. Main St. Read the full story

Welcome Home Veterans Living History Museum, at Richards Coffee, 165 N. Main St., Mooresville .

MOORESVILLE - Welcome Home Veterans Living Military Museum at Richard’s Coffee Shop will celebrate the long-awaited grand opening of its new, permanent home on North Main Street this Thursday to Saturday, May 17-19, during Armed Forces Day Weekend and Mooresville’s Race City Festival. The weekend kicks off with a ribbon cutting and grand opening ceremony Thursday morning. Read the full story

Mooresville Mayor Miles Atkins welcomes Davidson Day School to the community during a gathering on the future campus site Monday. (Christina Ritchie Rogers / DavidsonNews.net)

Davidson Day School should be able to break ground on a new high school campus in Mooresville this year, school officials said at a gathering on the site Monday. A group of parents and supporters recently gave the school 40 acres off Faith Road, where the school plans to build a college-style campus for grades 7 -12, with multiple buildings, common areas and top-quality athletic facilities. The next task is to raise about $5 million needed to start the work, officials said Monday. Read the full story

By DAVID BORAKS
DavidsonNews.net

Chief executive David Auger says there’s a paradox in all the numbers coming out this week about the MI-Connection Communications System. The company owned by Davidson and Mooresville is in a growth spurt – adding customers and expanding revenues. But it’s restating this year’s budget and revenues downward and now needs another $1.1 million from the towns by June 30 to meet a shortfall.

“We’re seeing unprecedented growth, more than anything we’ve seen since MI-Connection came about,” Mr. Auger said Thursday. But, with the company now asking for more money, he said, “there’s a paradox.”

He offered several major reasons for the shortfall: Read the full story

Chart shows MI-Connection budget trends. The 2012 budget is to be restated lower at Thursday's board meeting, resulting in an increase in the towns' subsidies. Click to download a copy of the proposed 2013 budget. (SOURCE: MI-Connection financial statements, interviews with company officials)

MI-Connection Communications System plans to re-state its budget for the fiscal year ending June 30 to account for lower-than-expected income that company officials are blaming on delays in the takeover of key business functions from an outside operator. The system’s chief executive said Tuesday the shortfall means MI-Connection will have to ask its owners, the towns of Davidson and Mooresville, for an additional $1.1 million to balance its budget this fiscal year. Read the full story

Repair crews worked on a cut fiber-optic cable over Lake Norman in Iredell County the week of Feb. 13. MI-Connection's board last week discussed possible legal action over the incident. (MI-Connection photo)

By DAVID BORAKS
DavidsonNews.net

Revenues at MI-Connection Communications System rose slightly in the quarter that ended Dec. 31 as growth in telephone and internet service offset flat cable TV revenues. But big debt payments contributed to another $1.66 million loss during the three-months. At a monthly board meeting Thursday, Feb. 23, MI-Connection board members also heard about plans for an April 1 rate increase and product upgrades, and discussed potential legal action over a Feb. 12 cable cut that knocked out half the company’s internet capacity. Read the full story