Restrained and ambitious, he makes the grade as a professional boxer before retiring to run a profitable city-centre bar.
Since both tram companies were profitable, the city council decided to start another service Kristiania Kommunale Sporveie (KKS, "Kristiania Municipal Tramways")—the first municipally owned tram operator in Norway.
Another big-league bunch of collaborators with a similar approach is Myriad Proteomics, a spinoff of a profitable Salt Lake City-based biotech, Myriad Genetics.
And with limited budgets, local governments need to spend public funds on important things like roads, schools, healthcare and nonsensical sports stadiums, which are pretty much never profitable for cities (I'm a huge fan of baseball, but I'm not a fan of how we fund stadiums here in the states).
But things have turned around in the past year; he has found a profitable niche in city sewer covers.
He also said that while two other companies submitted proposals that were at least as profitable for the city as Snapple's offer, they were rejected.
Florence has sought to tackle the problem by increasing the taxes on tour bus operators in the hope that this could slow the development of mass tourism, which is not necessarily profitable for the city.
Although the deal is far more profitable for the city than the $1.2 million annual payment initially proposed by Ratner, critics say that it still does not go far enough and that Yonkers has given up whatever power it had left in the bargaining process.
Paredes didn't say if the business is close to unit profitability (the buzzword of 2016 for delivery companies), but he believes that healthy commissions and keeping costs low will help Caterspot "become profitable in each city we launch within a reasonable amount of time".
Once a profitable business for cities and private employers alike, recycling in recent years has become a money-sucking enterprise.
Maybe the biggest obstacle to its full deployment is one question: Are smart cities profitable?
