Posted: Jan 20 2017 at 7:44pm | Views: 400913
According to my calculation, $19,500,000 was wasted in the last two and a half years and no seems to care.
Almost two and a half years have passed since the Board election when some candidates campaigned to bring Verizon FiOS to Co-op City. Cablevision still has a monopoly on cable television, Verizon is nowhere to be seen and 13,000 families have paid $1,500 more than if the Cablevision bulk deal had gone through. That is a total of $19,500,000 that would have been saved in the last two and a half years if the Cablevision bulk deal had gone through.
In my opinion, these candidates campaigned against the bulk Cablevision deal, promising Verizon FiOS would come in. Well, Verizon is not coming in to Coop City and I, and 13,000 other families, am out $1,500 and another $50 every month.
When will these Riverbay Board directors admit they didn't know what they were talking about or knowingly lied about Verizon coming to Co-op City? When will they take responsibility for costing 13,000 families an extra $50 a month? How do they intend to make up for $19,500,000 already lost and another $650,000 every month? I realize that members of the Board of Directors of Riverbay Corporation get free Optimum cable television, but what about the rest of us?
By the way, the Cablevision deal was not voted down. I believe these directors and candidates convinced enough people not to vote on it so the number of votes did not meet the requirement and perhaps the votes themselves were never counted.
The only one that gained by the Cablevision bulk deal not going through was Cablevision. They will collect an extra $39,000,000 over the five years that they would not have gotten if the Verizon FiOS deal went through.