Ft. Collins Colorado Did It, Why Not Your City?

Recognizing that broadband is critical infrastructure Ft Collins sold bonds to build a city run fiber network. The story is in the Coloradoan:

After several months of laying the groundwork for building and operating a new high-speed broadband network, the community recently celebrated two significant milestones in that process.

The bond sale closed June 14, and from that the city of Fort Collins received $142.2 million to fund the fiber system build-out.

Investors interested in backing the broadband network bought out $1,000 bonds sold through three official brokers in just two days. During a one-day advance “retail” sale, prior to institutional and investment banker access, Colorado investors purchased $5.7 million of the bonds — with local residents given priority via zip codes — and another $11.1 million was invested in the retail setting nationally. The remaining available bonds were purchased the next day by institutional and investment bankers.

The successful bond sale, local investment and high-quality credit ratings from two agencies further demonstrate both the public support and investor confidence in a city-run broadband service.

We also unveiled the brand at a recent community kick-off event. Based on the belief that community is built through connection, I’m thrilled to introduce Fort Collins Connexion, our community-driven and community-owned fiber network.

Connection means different things to different people within our community. It can be cutting-edge technology for think tanks or research labs, or the ability to work from home for a global organization. It can also mean providing high-speed access to entertainment or reliable, equitable access to family, friends and opportunity.

Rest of the Coloradoan.com story is HERE.

 

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One thought on “Ft. Collins Colorado Did It, Why Not Your City?

  1. […] Bruce Kushnick, a Telecom Analyst and New Networks Institute,Executive Director, & Founding Member had a long and rambling discussion of telco bait and switch on Medium, the last third of his article is below.  This does not bode well for rural broadband, just a higher tech digital divide. Cities, towns and villages need to build thier own networks and not wait for the telco promisses to be broken again.  Link to full article is HERE.  See the Ft Colins article HERE. […]

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