I agreed with your finding on that.
You established six criteria: evidence of audience success; viewer satisfaction; increases in local advertising revenues; increases in original local news stories; the number of local news stories that are picked up nationally; the expansion of news bureaus; and increases in the quantity of the local programming broadcast. These are what you're seeking to see from stations taking advantage of the LPIF program.
Has CBC demonstrated these things, or have they just given you an accounting of where they spent the money?