Is this a financially feasible project? If Lafayette Utilities System borrows $125 million, with a 15-year pay back period at 3.5 percent annual interest, that means the monthly payments to pay off the bonds will be $893,603 per month. If LUS charges $60 per month for a "triple play" ' as they call it ' that means that just to cover the debt service, 14,893 homes will have to subscribe to this "triple play" just to cover the debt. This $893,603 per month does not include the cost of employees, vehicles, insurance, office rental, marketing costs, etc.
I wonder if any Lafayette area bank would loan LUS $125 million for this deal. I doubt it. Mr. [Bill] Fenstermaker, one of the big proponents of this fiber-to-the-home, is chairman of the board of IberiaBank. I wonder if his bank would loan LUS $125 million for this project. I doubt it. I would bet that the board of directors of IberiaBank would vote no on this loan request.
Mr. Durel, if this fiber-to-the-home project fails, how much will my electricity bill and water bill go up to cover the debt service on this project? The way I look at it, my electricity will go up about $60 per month or more. One more question, Mr. Durel ' If LUS were your personal business, would you risk all you have for this fiber-to-the-home deal? I doubt you would.
If we are the shareholders of LUS, then why don't you do what other companies owned by stockholders do? Let us vote!
By now, the story of how longtime LSU coach Dale Brown discovered Shaquille O'Neal has been told many times: Brown happened upon a massive 13-year-old at an army base in Germany, stayed in touch with him and eventually became like a second father.
Fate simply wasn't ready to give the New Orleans Saints a break from longtime nemesis Steve Smith.
Pot industry gearing up for holiday shoppers; uncertainty in Ferguson; Patriots' winning streak and more national and international news for Monday, November 24, 2014.
Monday's Blogs from the Bog!
Lafayette Police have had a busy day.
Gov. Bobby Jindal's administration will use $130 million in patchwork financing from a tax amnesty program, insurance settlement, uninsured motorist penalties and other excess funds to close most of the state's midyear budget deficit.
Democratic U.S. Sen. Mary Landrieu said she disagrees with President Barack Obama's actions on immigration, hoping the latest controversy doesn't worsen her campaign difficulties.
Gay-rights advocates challenging Louisiana's same-sex marriage ban announced Thursday that they have asked the U.S. Supreme Court to review their case before it is heard by a federal appeals court.
Thinking himself the “son of God,” the man charged with the 2013 killing of an officer of the Chitimacha Tribal Police will not stand trial following a ruling Thursday on his mental competency.
Either Saints coach Sean Payton doesn't want to tip Baltimore off as to who'll start in New Orleans' secondary on Monday night, or he really doesn't know yet.
The Ethics Board gives the lame duck Youngsville mayor permission to offer a sweet parting gift to the community he’s presided over for three terms.
The money came through a general obligation bond sale Thursday.
A legend in the Acadiana Oil Patch, Comeaux died Monday, Nov. 17.
With a growing number of alleged sexual assault victims coming out against Bill Cosby in recent weeks, upcoming projects have been canned by NBC and Netflix, but that won’t affect the once-loved comedian and actor’s scheduled performance in Lafayette.
The Baltimore Ravens' retooled secondary had no trouble against a rookie quarterback at home. This week, however, their task is far more challenging: stopping Drew Brees on the road in New Orleans.
Add Texas Gov. Rick Perry's name to the list of possible Republican presidential candidates flooding the campaign trail for GOP Senate candidate Bill Cassidy.
Gov. Bobby Jindal is in Florida this week with his fellow Republican governors for another gripe session aimed at their favorite target, the president, this time taking aim at his immigration plans.
Early voting for the runoff is shortened by two days because of the Thanksgiving holiday.
“Coach Don” Gagnard is running for school board. Today he offers his critique of the socioeconomic relationship between government subsidies and obesity.
Former Le Rosier chef who cooked at the James Beard House and was named one of the “Best New Chefs in America” by Food & Wine magazine in 1995 was 48.
Pat Cooper is contesting his termination by the LPSB, filing a petition Tuesday that calls the recent decision “arbitrary and capricious.”
A look at the numbers highlights the challenge facing Louisiana Sen. Mary Landrieu as she tries to win a fourth term in a Dec. 6 runoff against Republican Rep. Bill Cassidy.
Incoming Senate Majority Leader Mitch McConnell is promising the new Republican majority will quickly resurrect Keystone XL pipeline legislation killed by Democrats, potentially setting up an early 2015 veto confrontation with President Barack Obama.
A national animal rights group has been rebuffed by a Baton Rouge district court judge, although the group might still get its day in court.
The administration says public college campuses won't be on the chopping block.