loan

Content tagged with "loan"

Related Topics
Displaying 1 - 7 of 7

Williston, Florida’s $4.6 Million City-Owned Fiber Network To Go Live Soon

The city of Williston, Florida is joining the ranks of municipalities across the nation that are building their own fiber broadband networks with an eye on ubiquitous, affordable access. City leaders say they’re preparing to launch a city-owned $4.6 million fiber optic ISP to break the local telecom monopoly logjam and finally provide fast, affordable access to the local populace.

Earlier this year the Williston city council voted unanimously on a $4.6 million loan to help fund a Williston Fiber network that will reach all 3,433 local residents. Last December, the city held a city council meeting to finalize the arrangement, construction of which had technically started last summer.

“They’re excited,” Williston Mayor Charles Goodman tells local ABC affiliate WCJB. “People are just chomping at the bit, ready for it. I deal with phone calls every day. ‘When is it ready? When is it going to be here? They’re putting it in front of my house, can I hook it up now?’, you know these kinds of things.”

“What I tell them is we’re just building the project,” he added. “It’s still under construction. We’re hoping to have everything done by the end of the year.”

Image
Williston FL Levy County map

Goodman has publicly expressed concern about the cost of the project, but local supporters, and all of the city council members, say the network is a necessary remedy to the lack of affordable, fast, and reliable broadband access, increasingly essential for online educational, health, employment, and other opportunities.

Traverse City, Michigan Finalizes Citywide Fiber Expansion

Traverse City, Michigan’s public, community-owned utility, Traverse City Light and Power (TCL&P), is putting the finishing touches on its $14 million plan to deliver affordable fiber to the community of 15,424. With build out estimates significantly lower than initial projections, the utility is finalizing an additional $1 million in loans to fund the recently started expansion project.

Already named last month to the 2025 Broadband Communities Top 100 list, a recent update by the city notes that the utility is currently extending the network to the Base of Old Mission Peninsula, Hastings, Parsons, Munson, and Barlow. 

Complete citywide deployment is expected by the Spring of 2026, though the city says it maintains a “stretch goal” of completing the entirety of the “rapid deployment” by this fall.

In deployed markets, locals have three speed and pricing options: a symmetrical 1 gigabit per second (Gbps) tier for $90 a month; a symmetrical 500 megabit per second (Mbps) option for $70 a month; and a symmetrical 200 Mbps option for $60 a month.

Image
Traverse City Fiber map

None of the options come with long-term contracts, hidden fees, or usage caps. All three broadband tiers can be bundled with phone service for an additional $10 a month.

Like countless U.S. communities, Traverse City locals were tired by expensive, spotty, substandard broadband access being provided by regional telecom monopolies. In Traverse City that usually means a monopoly on broadband access by Charter Spectrum, peppered with some scattered Brightspeed (formerly Lumen and Centurylink) DSL and fiber lines.

Bill Would Reauthorize And Expand ReConnect To Include Communications Union Districts

U.S. Senators Peter Welch (D-Vt.) and Roger Marshall (R-Kan.) have introduced a bill that would not only reauthorize the USDA’s ReConnect Loan and Grant program.

As part of the reauthorization, the proposed legislation aims to improve and expand the program so that Communications Union Districts (CUDs) would be eligible for federal broadband subsidies.

According to the announcement, the reauthorization would set a baseline of symmetrical 100 megabits per second (Mbps) connections for broadband grants, up from the program’s dated current standard of 25/3 Mbps.

The bill also clarifies that the USDA can make grants, loans, or grant-loan combinations under ReConnect, and claims to “improve coordination and communication among stakeholders at the federal level.”

“The last few years have shown all of us how important high-speed broadband is to our communities. From online school and remote work to telemedicine, a good connection is essential,” Senator Welch said of the reauthorization. 

“Many rural communities don’t have access to broadband at all, let alone the higher speeds needed to participate in today’s digital economy.”

The duo are quick to point out that over a third of Americans lack access to one or no broadband provider, and more than 45 million Americans lack fixed terrestrial 100 megabit per second (Mbps) downstream broadband, the Federal Communications Commission’s (FCC) minimum standard for broadband access.

Decorah, Iowa Strikes Partnership to Build City-Owned Fiber Network

Decorah, Iowa has struck a public private partnership with West Union Trenching to deploy a modern fiber-to-the-home (FTTH) network that passes every household in the city.

The project is the culmination of decades of planning and frustration at the lack of affordable, next-generation broadband in the city of 7,500.

According to the city, the Decorah 2025 Fiber to the Home Project will finally begin construction early next year.

The city has also struck a deal with Minnesota-based AcenTek to operate the system and provide retail internet service to residents. Network equipment and construction is being financed by a $13.7 million loan approved last month by the city’s Municipal Telecommunications Utility Board of Trustees.

“The fiber plant and electronics will be city owned, our operations side of it is being handled by Acentek,” Chopper Albert, Decorah IT Director told ISLR.

The first subscribers are expected to come online sometime in early 2027. The project’s origins extend back more than a decade after locals struggled to gain access to affordable, fast, and reliable broadband access.

“This is a unique start-up arrangement for Iowa,” said Travis Goedken, City Manager of the City of Decorah.  “After reviewing multiple business plan options since the successful election by Decorah residents in 2015 to establish a Board-governed municipal telecommunications utility, this was the most favorable option.

"City staff and the Municipal Telecommunications Utility Board have been working diligently the last two years to organize and execute the necessary steps to make this a reality.”

Crews Begin Work On Ft. Bragg, California’s Long-Awaited Muni-Fiber Network

Construction crews have begun work on Fort Bragg’s long-awaited municipal fiber network, which will ultimately bring affordable fiber to the California city of 7,000.

The total cost of the project is estimated to be $17 million. Of that, $10 million will be paid for by a Last Mile Federal Funding Account (FFA) grant from the California Public Utilities Commission (CPUC), awarded in February to help fund the construction of a Middle Mile Broadband Network (MMBN) that will run directly through the heart of Ft. Bragg.

The remaining project costs will be paid for by a $7 million, 20-year loan at 4.85 percent from EverBank, recently approved by the Fort Bragg city council.

“This project is a cornerstone for the future of Fort Bragg,” City Manager Isaac Whippy said of the milestone. “Reliable, high-speed internet is no longer a luxury – it’s a necessity. With this investment, we’re closing the digital divide and making Fort Bragg a more connected, competitive, and inclusive community.”

According to a city announcement, Ft. Bragg’s citywide fiber network, 170 miles north of San Francisco, is being designed with a centralized data hub and 15 Distribution Areas (DAs). Using horizontal directional drilling, crews will install conduit and fiber underground – primarily beneath sidewalks and alleys – connecting to a fiber terminal located near the edge of the city’s right-of-way at each property.

Fort Dodge Iowa Boosts Funding For Popular Municipal Fiber Network

There’s signs of life for a municipal fiber project long considered in Fort Dodge, Iowa, after the Fort Dodge City Council moved forward with plans to use a surplus in the city’s sewer maintenance budget to pay for the higher than expected cost of the city’s fiber network.

In 2019, a broadband utility was a top-rated need in the city’s strategic plan, and residents voted that November to grant the city the authority to start building a municipal telecommunications network. The network has since steadily expanded in the city of 24,591 residents.

“We currently are just short of 2,400 customers, with a goal of having 2,500 customers by January 1, 2025,” Fort Dodge Fiber Director Jeremy Pearson tells ILSR. “If everything works out, we should exceed that goal. If you’ve got any pull with Mother Nature, we would appreciate any help to keep the temperatures warm and the snow away!”

Image
Fort Dodge Fiber building

In 2021, the city borrowed $33.3 million to pay for building the fiber optic utility with a loan to be paid off with revenue generated by Fort Dodge Fiber as the project expanded. The city promised locals the planned network wouldn’t result in an increase in local resident property taxes.

But thanks to inflation and increasing labor and material costs, that $33.3 million isn’t going to be enough to finish the project. So last September the city council voted to provide a $3.1 million loan from the city’s sewer fund to Fort Dodge Fiber.

The loan has a 5.25 percent interest rate and is expected to be paid back sometime in 2026 or 2027, according to local news outlets.

Knoxville Utility Board Completes First Phase Of Major Municipal Broadband Project

Knoxville, Tennessee's Knoxville Utility Board (KUB) says it has completed the first phase of its ambitious broadband deployment, bringing affordable fiber access to more than 50,000 premises in this city of 192,000 – many for the very first time.

When we last wrote about KUB back in 2021, the city's utility had just received approval to build what will eventually be the biggest municipal broadband network in the U.S.

All told, the $702 million project, known as KUB Fiber, aims to deliver affordable fiber to 210,000 households across KUB’s 688-square-mile service area, taking between seven and ten years to complete.

KUB says that the first phase of fiber deployment involved the installation of more than 1,100 miles of fiber infrastructure. Upgraded users have the option of three tiers of service: symmetrical gigabit per second (Gbps) service for $65 a month; symmetrical 2.5 Gbps service for $150 a month; and symmetrical 10 Gbps service for $300 a month.

KUB’s service tiers do not come with usage caps or long-term contracts. Unlike many municipal operations, KUB is also offering locals the option of bundling television service.

KUB was driven to expand access after more than a decade of local frustration at the slow speeds, high prices, and spotty coverage caused by a notable lack of competition between regional telecom monopolies, AT&T and Comcast (Xfinity). Both companies have attempted to lock down customers via long-term contracts ahead of the network’s completion.

As one local resident said:

“Comcast thanked me for being a customer for 23 years, but it's not because I've had the option to go anywhere else. They have had 23 years to fix these problems and they haven't."