There is no out-of-pocket cost, because the city is not paying anything. Verizon is putting up all the capital. There is also no opportunity cost, because the franchise is non-exclusive:
4.3. Grant Not Exclusive: The Franchise and the rights granted herein to use and occupy the Public Rights-of-Way to provide Cable Services shall not be exclusive, and the City reserves the right to grant other franchises for similar uses or for other uses of the Public Rights of-Way,
or any portions thereof, to any Person, or to make any such use itself, at any time during the term of this Franchise. Any such rights which are granted shall not adversely impact the authority as granted under law or this Franchise to provide Cable Service.
