MI-Connection, the cable and internet provider that Mooresville, Davidson and Cornelius bought back in 2007, continues to lose money. Per aShortChronicle:
Based on numbers just confirmed from Town of Davidson Finance Director Pieter Swart, Davidson’s total obligation to MI-Connection in the upcoming fiscal year starting July 1st will be $1.06 million dollars.
Under the current inter-local agreement with Mooresville, Davidson is responsible for 30% of the deficit. That brings the total amount of subsidy required to $3.53 million. That’s down about $603,000 from the current fiscal year subsidy of $4.14 million.
