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This is a sub-selection from Where are the details?


Hephaestus42

@comcast.net
reply to FFH5

Re: Where are the details?

My question is why don't these local governments go the private route. It should be easy enough to set up a private corporation, get loans or issue non-government bonds.


CableConvert
Premium
join:2003-12-05
Atlanta, GA
The only way a municipality can do this is to issue government bonds (NOT tax payer money btw), and actually sell the service themselves. The unsuccessful areas that tried to do this going the private route had no way of paying the debts off because all the money goes to the private operator. This kind of build out is not cheap and in order to make payments you have to have the revenue from the service. Its broadband as a utility, which is far overdue in this country