No deal between the city of Burlington and Citibank over $30 million used to finance Burlington Telecom.
Citbank says Burlington broke the terms of a $30 million lease agreement for equipment to expand BT and sued in federal court. Three years ago the city stopped paying the rent when BT's finances fell apart. Now talks with a federal mediator over how much Burlington should be required to pay the bank have fallen apart. That means federal court action will resume. Mayor Miro Weinberger vowed to clean up the BT mess when he was elected.
"My job is to make sure that we get a fair settlement for the people of Burlington who have already paid far more for Burlington Telecom than anyone every expected - and we're not there yet," said Weinberger, D-Burlington.
The mayor said there is no immediate court action planned.
Tuesday, March 11 2014 11:49 AM EDT2014-03-11 15:49:17 GMT
A Plattsburgh woman faces charges for allegedly attacking someone with a knife. New York State Police were called to the Best Value Inn on Booth Drive Sunday night for a report of a domestic dispute. InvestigatorsMore >>
A Plattsburgh woman faces charges for allegedly attacking someone with a knife.More >>
Tuesday, March 11 2014 10:14 AM EDT2014-03-11 14:14:46 GMT
A Winooski man says he was held at knife point on Church Street in Burlington Monday afternoon as robbers took nearly 300 dollars from him. Police arrested 29-year-olds Andre Martel and Anthony HammondMore >>
A Winooski man says he was held at knife point on Church Street Monday afternoon as robbers took nearly $300 from him.More >>
Tuesday, March 11 2014 10:01 AM EDT2014-03-11 14:01:29 GMT
A South Londonderry man captured at the end of a high-speed chase now faces up to life in prison. Police say Christopher Bush topped speeds of 100-miles-per-hour in a stolen SUV. The 27 year old pleadedMore >>
A South Londonderry man captured at the end of a high-speed chase now faces up to life in prison.More >>
Tuesday, March 11 2014 11:58 AM EDT2014-03-11 15:58:56 GMT
Vermont State Police dive teams will search Otter Creek Tuesday for a missing Proctor woman. Maryann Foster, 59, went missing the week of Feb. 24 and there has been no luck finding her yet. Police sayMore >>
Vermont State Police dive teams will search Otter Creek Tuesday for a missing Proctor woman.More >>
Tuesday, March 11 2014 12:10 PM EDT2014-03-11 16:10:01 GMT
A group of senators spent an all-nighter on Capitol Hill talking about climate change. Twenty-six Democrats and two independents, including Vermont Senator Bernie Sanders, held a fact-gathering hearingMore >>
A group of senators spent an all-nighter on Capitol Hill talking about climate change.More >>