TBayTel gravy train unloads 15 million

TBayTel executives are boasting of a 15 and a half million dollar dividend to the city. Board chair Michael Power says this is over and above the current 17 million dollar bonus the city gets annually. Power says it will be spread over 3 years, 10 million dollars for this year and 2 and half million dollars for 2011 and 2012. The money will be going into a city fund which could be used to pay for projects like the new area.