Too bad he didn’t get it right the first time. But at least now he is owning up to the mistake, sort of.
iProvo should never have been invested it, but the city of Provo. The same goes for all other Utopia cities.
Just as I stated in the previous post, cities should not get involved where private enterprise is doing well. It will always lead to a failure. And often, the failure leads to a bigger tax burden on the citizens.
Fortunately, Mayor Billing is doing the right thing, and bailing out of iProvo. It takes a big man to admit when he was wrong. And in this case Mayor Billings is playing the part of a big man.
Let’s see if other Mayor of Utopia will man up (or woman up) to the table, and get rid of their bad investment. My honest fear is that they will return the burden to citizen’s to make up for their mistakes.