Unanimous: Provo Utah Council Approves Google Fiber
symbolset writes "In a unanimous vote the Provo Municipal Council has agreed to a plan to sell the city's troubled iProvo fiber Internet network to Google. Although this makes Provo, Utah the third city to embrace Google's ambitious gigabit fiber to the home plan the existing network will allow the residents of Provo to see faster installation than the others. Google had previously announced plans to proceed immediately on approval."
They city handed the network over for $1, but there are hidden costs, from the article: "Provo taxpayers will still have to pay off a $39 million bond that the city originally issued to build the network. With interest, taxpayers still have to pay $3.3 million in bond payments per year for the next 12 years. ... The city will have to pay about $722,000 for equipment in order to continue using the gigabit service for government operations ... The city also has to pay about $500,000 to a civil engineering firm to determine exactly where the fiber optic cables are buried ... Google will lease the network to Provo city for free for 15 years."
Because it takes a special company to provide 'family size' bandwidth in Utah!
The city also has to pay about $500,000 to a civil engineering firm to determine exactly where the fiber optic cables are buried...
Wtf, don't they have the installation project plans in the first place? This is the kind of incompetence that really pisses me off.
`echo $[0x853204FA81]|tr 0-9 ionbsdeaml`@gmail.com
Not a bad deal, at least as far as Google goes. Considering what Google charges for the 7/yr 5mb service (which is just a $300 buildout fee), the city basically just covered the cost for that. Free gigabit service to 25 public institutions (schools, universities etc).. not bad. And Google is going to finish building out to homes that were not part of the original build contract. All in all, not bad. Especially if you look at iProvo's history - the city has been stuck with the bond payments the entire time, this just actually gets them something for holding that debt.