How A Promising Idea in Groton Went Terribly Wrong
January 6, 2013
It started as a promising idea with a potential return: Build an independent cable company, give viewers choice against Comcast and eventually turn a profit.
Groton City, with its record of managing successful public utilities, went all in.
From 2006 to 2008, the city borrowed $34.5 million to build and expand a network called Thames Valley Communications from Gales Ferry to the Rhode Island line. Then they set about making the company profitable.