One of the major inaccuracies in Mr. Patin's letter is that the project would be $125 million, but only serve 14,893 homes. Wrong! The project will cost about $50 million to run lines along each street and will cost $110.5 million if the system is actually providing services to over 24,000 residential customers and some 2,000 business customers.
Another inaccuracy is that LUS will charge $60 for a "triple play" of cable TV, telephone and Internet services. The only price LUS has used to illustrate its prices is an $85 triple play. While we expect a number of customers may purchase this option, we also expect many customers to choose enhanced (but still competitively-priced) options, so that the average bill per residential customer may be well above $85 per residential customer. Business customers will also be able to take advantage of advanced services that will generate greater revenue than the typical residential customer. In all cases, LUS telecommunications customers will be able to experience an approximate 20 percent reduction in their cable TV, telephone and Internet service bills.
The funds used for this project will be revenue bonds (not funds through a local bank), so Mr. Patin's predictions of local favoritism will not take place. The international financial institutions involved in these transactions are very thorough in their examination of such a project's feasibility study and will not lend LUS money unless they strongly feel the bonds can be paid.
Also, Mr. Patin's assertion of a higher utility bill due to this project is a blatant inaccuracy. Based on the financing structure contemplated, utility bills will not increase because of this project. In fact, it is very possible that utility bills would decrease due to this successfully deployed project.
It is unfortunate that misinformation such as that provided by Mr. Patin continues to be released by opponents to the LUS FTTH Project. We would do an injustice to our citizens in Lafayette if we did not respond to these inaccuracies.
The Lafayette City-Parish Council will consider on Tuesday a revised plan to the transform a block in Downtown Lafayette into a mixed-use residential-retail-commercial development that doesn’t include giving title to the property to the Lafayette Public Trust Finance Authority, an arrangement the council rejected earlier this month.
Trying to combat the national undertones of Louisiana's U.S. Senate race, Democratic incumbent Mary Landrieu is traveling the state this week on a sort of pork celebration tour, telling voters about the projects and aid she's delivered to Louisiana.
Ever thought that big, pink Gulf coast shrimp you ordered at the restaurant or bought from the store didn't taste juicy or salty enough? Maybe it wasn't from the Gulf.
The state treasurer won't sign financial documents needed for $200 million in borrowing or for a refinancing of existing debt until he believes they accurately explain the surplus disagreement.
Bill Cassidy voted for 97 percent of the bills signed by Barack Obama.
Louisiana Gov. Bobby Jindal is joining South Carolina Gov. Nikki Haley on her campaign bus tour.
A New Iberia man has been sentenced to life in prison for killing a 4-year-old girl and scalding her 3-year-old brother.
A district judge decided Wednesday against sanctioning attorney/school board candidate Dawn Morris for her behind-the-scenes role in a lawsuit against Mark Cockerham.
Secretary of State Tom Schedler says Gov. Bobby Jindal's administration may have improperly destroyed records in the state employee health insurance program, in the middle of a heavily-criticized rewrite of benefit plans.
San Fran wins the World Series; Sistine Chapel improvements; Kurds moving toward Syria and more national and international news for Thursday, October 30, 2014.
Thursday's Blogs from the Bog!
Paper cites the former ADA's "experience as a prosecutor, his demonstrated integrity, and his ideas for reshaping the [DA's] office" in urging voters to support Keith Stutes Nov. 4.
Louisiana officials have sent a letter to the American Society of Tropical Medicine and Hygiene un-inviting members of the group who have recently been to ebola-affected West African countries from attending the group’s annual conference in New Orleans next week.
Drew Brees and the New Orleans Saints have to find a way to win on the road if they plan to take over first place in the NFC South.
"It is obvious that Louisiana economic performance has not outperformed the South or the United States as a whole and, in fact, has substantially underperformed..."
A state district judge said he will rule Friday on a preliminary injunction to keep some charter schools from receiving $60 million through Louisiana's public school financing formula.
Saints fans were to gather, make merry, eat/drink compliments of a new Downtown group and watch the Saints beat Carolina and claim 1st place in the NFC South. But...
New Orleans Saints running back Mark Ingram doesn't see his dramatic spike in production as any sort of validation.
U.S. Sen. Mary Landrieu is facing off one last time with her two main Republican challengers before next week's election.
He’s pulling for Knezek and Hidalgo on his end of the parish but issued endorsements in three other districts as well.
Off a narrow gravel road running between a handful of mostly abandoned lots near a Mississippi River levee, down past sprawling oak trees and thick weeds, a lectern framed by banana trees has been set up in front of three short rows of folding chairs.
Hillary Rodham Clinton is heading to New Orleans this weekend to stir up voter support for Democratic U.S. Sen. Mary Landrieu.
Saints coach Sean Payton has spent much of his team's erratic season trying to build his players up.
The Daily Advertiser has weighed in on this year's LPSB elections with nine endorsements.