In the modern world, broadband information networks are essential
infrastructure, a combination of the past’s canals, telegraph wires,
interstate highways, and airports. Unfortunately, other developed
countries offer faster networks at cheaper prices to their businesses
and citizens. Few disagree that the United States must solve this
broadband problem.
This case study shows how one
city did it. No private company was willing to build the high-speed
information network Burlington, Vermont, needed on the timeline it
wanted. Rather than hope and wait, they’re building it themselves.
After their original plan collapsed, they persevered and developed a
different model, using a tax-exempt municipal capital lease arrangement
with an outside investor. The City will have direct ownership within 15
years; they already have complete control.
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