Fast, affordable Internet access for all.
2B's passage means approval for the city to issue $45.3 million in bonds to build out the city's 17-mile fiber optic loop within three years. Longmont Power & Communications has estimated that the payback time on the bond will be 11 years. If revenues from commercial and residential customers fall short, LPC's electric service revenues will be used to make up the shortfall, LPC staffers have told the Longmont City Council.South in Centennial, voters supported restoring local authority to build a network by a 3:1 margin. We most recently wrote about this referendum here. In Seattle, the mayor that campaigned on a citywide fiber network and backed off it but created a partnership with Gigabit Squared to bring gigabit fiber to 12 neighborhoods lost in his bid for reelection to the candidate that that was strongly supported with Comcast donations. However, the election does not appear to have turned on broadband issues:
McGinn’s fate was forecast two years ago, when voters slapped back his efforts to obstruct the Highway 99 tunnel project, opting to move ahead with the long-debated project. McGinn’s anti-tunnel agitating was viewed as a reversal from his 2009 election-eve pledge not to stand in the project’s way.We continue to be disappointed in the lack of serious discussion in many races about how local governments can make meaningful improvements in Internet access for residents and businesses. We most recently covered the Seattle story here. And finally, the disappointing news from Iowa. Though Emmetsburg received majority approval for its bond issue to build a fiber network, the 54% fell short of the 60% required for a general obligation bond. They planned to finance the investment with both a revenue bond and a general obligation bond. They will continue to seek opportunities to build the network despite this temporary setback.