Audit: LUS Fiber lost $45,000 a day

LUS Fiber operated with a daily loss of about $45,000 during the past fiscal year, and at least one member of the City-Parish Council is questioning if the fiber-to-the-home initiative should continue receiving government support.”We’re putting money in a sinking ship,” Council Vice Chairman William Theriot, District 9, said during a phone interview after Tuesday’s City-Parish Council meeting. “We need to have a valid discussion now about LUS Fiber, and we need to make a decision as to whether this is something we need to continue funding.”

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