The Burlington Telecom saga continues. The city council met until one o'clock Tuesday morning and decided they want to look at other possible financial packages for the troubled city-owned cable company.
Most Burlington City Councilors say they are leery of approving $60 million in financing for Burlington Telecom because they are still not sure if it is a viable company. The city administration has tried to prove the company's financial situation is improving and show that Burlington Telecom will be able to pay back the loan without putting the city at risk, but most councilors say they need more proof.
"We need to see a strong, solid, professional business plan that shows us how we're gonna move forward," said Republican Burlington City Councilor Paul Decelles.
"I implore you not to tie Burlington residents and the community to the salvation of Burlington Telecom," said Burlington resident Dan Feeney.
But some residents are getting antsy and accuse city councilors of playing political games.
"If the loan is not made and you continue dillying and dallying so that nothing will happen the city of Burlington really will be at financial risk," said Burlington resident Bea Bookchin.
Rather than move ahead with the $60 million proposal for Piper Jaffrey secured by the City Administration, the councilors decided to send out RFPs for new financing proposals. They went to see if they can get a better deal and better assessment of BT's viability.
Sunday, May 19 2013 12:06 AM EDT2013-05-19 04:06:03 GMT
Vermont State Police have charged 22-year-old Adam Page of Newport for stealing the Newport City Elementary School bus, which has now been declared totaled. A stolen dog was also recovered in the busMore >>
State Police say he is also being charged with the theft of two other vehicles and a woman's dog.More >>
Saturday, May 18 2013 11:45 PM EDT2013-05-19 03:45:20 GMT
State police are looking for the person responsible for stealing a school bus and taking it for a joyride in northern Vermont. Troopers say the 2014-model bus belonging Newport City Elementary SchoolMore >>
Police say the school bus belonging to the Newport City Elementary School was taken for a joy ride Friday night.More >>
Saturday, May 18 2013 10:10 PM EDT2013-05-19 02:10:53 GMT
A fatal accident in Lyndon Saturday. It happened around 2:30 Saturday afternoon on Route 122. Police say 76-year-old Gerda Blaszczyk of St. Johnsbury swerved to avoid an animal. Her car travelled up anMore >>
Police say the driver swerved to avoid an animal.More >>
Saturday, May 18 2013 8:03 PM EDT2013-05-19 00:03:45 GMT
Senator Bernie Sanders is touring the state this weekend with a special guest. Sanders and the Danish Ambassabdor to the United States are hosting town hall meetings in Burlington, Brattleboro and Montpelier. TheMore >>
Sanders and the Danish Ambassabdor to the United States are hosting town hall meetings.More >>
Saturday, May 18 2013 7:56 PM EDT2013-05-18 23:56:03 GMT
Saturday marked a new beginning for Castleton State College students. "Were all gathered here, getting fired up, having a good time," explained Castleton graduate, David Carrier. The 500 graduates hadMore >>
It's graduation day for the class of 20-13 at Castleton State College. And just for the occasion, the college invited back an alumnus with a strong connection to the school.More >>
Saturday, May 18 2013 7:51 PM EDT2013-05-18 23:51:14 GMT
Young bikers were learning the rules of the road in South Burlington Saturday. Kids who brought their bikes to the Dorset St. Park received free checks for their brakes, chains, and tires. Helmets alsoMore >>
and much more... making sure kids are safe before they hit the roads this summer.More >>
Saturday, May 18 2013 7:49 PM EDT2013-05-18 23:49:26 GMT
On a sun-soaked Saturday, Karen Trayah and her dogs enjoyed the sights, sounds, and of course smells of a festival for fidos. "It's called Woofstock, however, this is our 1st year doing it here at theMore >>
Making sure our furry friends have a place to call home.More >>
Friday, May 17 2013 7:54 PM EDT2013-05-17 23:54:10 GMT
The door to room 118 at the Liberty Inn and Suites is gone-- busted by police during an early morning drug raid. They say tenant Julie Herron, 41, was selling heroin out her room. She was living thereMore >>
A South Burlington drug bust exposed new abuses of the state's homeless voucher program. A couple was arrested for selling heroin out of their motel room, and police say the state was footing the bill for their stay.More >>