What’s happened since our last update of Downtown Holland progress?
As of this week, 96 customers have connected. That’s up from 84 in March, still shy of BPW’s goal of 113 by the end of 2018. BPW has done zero marketing to get these new customers. They plan a small marketing push this fall.
As the Sentinel reports, BPW has “completed” the downtown build. This doesn’t mean they’re stopping. It means they’re closing out the initial contracts with their construction partner. New customers can still sign up anytime.
The project came in over 30% under budget. Total cost was $811,563 and estimates were around $1.2 million. Their 10-year rate of return is 4.4%.
We still want new customers. I personally know one who just signed up, and we expect more to come. There’s also a lot of new development coming in the service area.
Next, we’re still waiting to get the service area expanded. We’re working on getting more information, and will share more as soon as we can.