What You Weren’t Told About the Utility Sale
July 30th, 2006 by 
ODLLC
From the very beginning, LHCC members have not been told the whole truth about the Utility sale.
Chris Allison has led members to believe that we are trying to block the sale of the Utility. That’s simply not true. We do not believe it is good business to invest nearly $1.5 million in an asset and then shortly thereafter sell it for much less. Unfortunately, although we believe it is a bad deal, it also a done deal. There is a binding contract in place between the parties. It’s informative to look at some important provisions of this contract to see just why it’s such a bad deal as it is currently proposed.
In February of 2006, Chris Allison wrote that the utility sale “results in nearly 2 1/2 million to LHCC….” But he omitted that almost 50% of this amount is contingent on an aggressive building program and therefore may never be received at all.
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