Throwing good money after bad
Municipal broadband networks sound like a great idea, and they were a hot trend a few years ago. For one thing, promoters claimed they weren’t going to cost taxpayers a dime. Many attempts were made to blanket towns and cities with ubiquitous, free, public-spirited broadband service, but most of these projects resulted in cost-overruns, construction delays and ultimately poor service. Many were abandoned. That is, supporters walked away from a bad investment rather than build upon it. In Tennessee, the legislature is considering a “technical” amendment that would allow municipalities to use “public money” and “public debt” to deploy broadband on an “open access” basis “within or without” that municipality’s, and (with permission) any other municipality’s, boundaries. This is not Read More ›