An LPFM window can not overlap with: (1) Full Power Non-Commercial FM Stations, (2) Full Power Commercial FM Stations, (3) FM Translators (or, repeaters), (4) Full Power TV Stations, and (5) Low Power TV Stations. These windows can not overlap because each of the above services must consider each other in their applications.
The FCC is still wrapping up decisions from the recent 2021 Non-Commercial FM filing window, and has said that they expect LPFM to be next. But they can't do that until the public has the opportunity to object to the final permit granted.
Public goods are defined as nonrivalous and nonexcludable. While you cannot exclude anyone from listening to your transmission, the very act of you transmitting prevents others from doing so on the same frequency, within the same locale. It is not a public good by definition.
Im very against government interference, but this is one situation in which government regulation makes sense, so long as the portions of the spectrum allocated to the public are fairly auctioned. Admittedly, I have no idea how the private allocation works.
Radio belongs to the people, it is the definition of a public good. It is incontrovertible that the ownership rules will be tweaked in the direction of corporate interests at every opportunity.
People (you and I, and our elected representatives, and pirates) need to do everything possible to yank it back, as far and as hard as we can.
The fact that LPFM hasn't even _pretended_ to offer the _opportunity_ for a license in _ten years_ is everything you need to know about that farce.