This thread discusses the Content article: In iProvo's wake, council hopes to fix property sale process

It essential for the council to fix this problem. Mayor Billings has a long term pattern of negotiating and planning "secret" deals and then dumping them in the council's lap with a gun to their head. The iProvo case is of course a glaring example of this. The "hurry up and say yes" approach has resulted in Broadweave taking control of a $60 million dollar asset without paying anything and having no financing. If there was ever a "sweetheart deal" this is the king. As if that was not bad enough Broadweave has no real operating capital and struggles to make payroll. Someone should have done diligence on this deal. It clearly did not happen. What happens when they destroy the asset and walk away?

What happens when they destroy the asset and walk away?
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We'll probably find out the answer to that question in about 2 or 3 years.

megus wrote:
What happens when they destroy the asset and walk away?
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We'll probably find out the answer to that question in about 2 or 3 years.

That is an easy answer. A creditor liquidates the assets and a less mismanaged company takes over the network. Happens all the time, no big deal. If anything, Broadweave managed to prevent more essential city services from taking a budget hit to keep the debt paying for the network afloat.