Of course. No one ever likes to do the long-term math.
I'm contending with a group wanting to move our main server facility and ISP connection to an offsite hosting location and to just make us one of the links on the private WAN like any other facility, even though we have the generator and environmental already paid-for. They were really gung-ho until a final tally on the costs came back from the provider and somehow some price doubled or was otherwise misinterpreted from the initial talks, and it appears that these plans are being reconsidered. I'm hopeful since it's much easier to walk down to the server farm to fix a broken device and if I missed a tool I can walk back to my office to get it, as opposed to having to drive across town and hope that I grabbed everything that I needed.