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Content tagged with "dunnellon"
We reported on Dunellon, Florida, last year - time for a refresher and an update.
You may recall that Dunnellon is a small community with only about 1,900 people in 2004, located in the north central part of the state. The City of Dunnellon watched as surrounding communities gained jobs and people, while its phosphate mining industry limped along.
Dunnellon decided to invest in its own fiber network to spur economic development and provide the services Comcast and AT&T considered unprofitable in the rural area. The town secured financing through a traditional bank loan in 2010. Dunnellon's biggest challenge was building a network from scratch, but the town now has over 100 miles of installed fiber in Marion County. The service, Greenlight Dunnellon Communications, offers triple play at great rates.
From an article on the Communications Technology website:
The potential to improve the local economy through Dunnellon’s high-speed fiber network also is evident. Several neighboring counties, the local Marion County school district and numerous businesses are in the process of finalizing contracts to secure high-speed connectivity through the city’s network and to leverage such benefits as disaster recovery and failover. The city also believes area healthcare providers will benefit from the ability to connect directly to nearby facilities.
According to [Eddie] Esch, [the City of Dunnellon’s director/Public Services and Utilities] “As we progress in this project, we have uncovered so many exciting and promising new opportunities that it’s like watching the bubbles in a glass of 7-Up percolate to the top!”
The installation delay has put the city in a pinch with its lender, Regions Bank.
The City Council voted unanimously Monday night to approve the $7.3 million in funding with Regions Bank in Orlando. City Manager Lisa Algiere told the council members the city would be doing most of its business with the local Regions Bank. The funding will come in the form of three bonds: a series 2010A Bond, which is good for 20 years and has an interest rate of 3.61 percent; the second bond is a Series 2010B Bond and is for five years with an annual interest rate of 3.20 percent; while the third bond is a Series 2010C Bond and is good for one year. The funding secured by the city is a drawdown loan, meaning it will only take what it needs and only repay that portion.The network has been branded Greenlight (though the website is not yet fully functional). Greenlight is also the name used by the Community Fiber Network in Wilson, North Carolina. Light Reading interviewed a network employee, shedding more details than have been released elsewhere. He says they are passing 7,000 premises, but Wikipedia only notes a population of 2,000 in 2004, so there is more than meets the eye at first glance. They financed the network without using general obligation bonds, working with a nearby bank (Regions is a big bank, headquartered out of state). Local competitors are AT&T and Comcast, though both offer extremely slow services; the fastest downstream speed available from Comcast is 6Mbps. The new network, as do nearly all recent community fiber networks, will offer much faster connections, the slowest being 10Mbps.