In the RT:
Radford looks to 'cut losses' with Radnet
The city's wireless Internet system has only about 300 paying customers.
By Tim Thornton
Radnet is on the block.
The wireless Internet system Radford's government launched in 2006 has come to the end of city council's fiscal patience, so the city is looking for someone else to come in to run it.
"It's taxpayer money. The taxpayers have a say," said economic development director Basil Edwards. "I guess that voice has gotten to council."
Some council members didn't need to hear much.
"There comes a time when you've just got to cut your losses," Mayor Tom Starnes said on the July night council cut funding for the system. "I guess I'm saying I don't think it will ever break even. I thought it was a loser from day one."
The system has been a loser in the sense that it hasn't made enough money to pay back the $1 million investment council allocated. In July, council voted not to let Radnet have the last $50,000 of that allocation.
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