Seattle's High-Speed Internet Rollout Delayed Due to Financial Issues
December 10, 2013 12:14 PM
comment(s) - last by
Gigabit Squared is having a hard time securing financing to install the network
high-speed Internet network
is seeing delays with no new launch dates on the horizon.
According to a new report from
, Seattle's venture with Gigabit Squared to implement a high-speed Internet network in 12 of the city's neighborhoods has hit a financial roadblock, and the mayor fears that it's "not going to work."
Seattle Mayor Mike McGinn has been a huge advocate of the project. He announced the partnership with Gigabit a year ago, which received a lot of praise from citizens. The public-private partnership aimed to launch the Gigabit Seattle project using 500 miles of unused cabling in the city.
In August of this year, Gigabit announced its prices and the plan to begin Gigabit Seattle's initial rollout in two of the 12 neighborhoods — University District and Capitol Hill. It was due to begin by Q1 of 2014.
Mayor Mike McGinn [SOURCE: patdollard.com]
However, Gigabit is having a hard time securing financing to install the network.
“We’re now a year into it and the question is, will it work or not?” said McGinn.
McGinn will be leaving office by the end of the year, so he won't be able to see the project through. However, he said if he were to stay, he'd "start garnering political support to build a municipal fiber utility." He has not given up on the private sector quite yet amid rumors that Comcast could make a considerable donation to the campaign.
McGinn said Comcast and others like it are “not upgrading their systems in any meaningful way.”
McGinn is open to having the government build out a high-speed network with open architecture if necessary, which could increase competition and still allow the people to have high-speed Internet.
This article is over a month old, voting and posting comments is disabled
RE: i call BS
12/10/2013 2:55:25 PM
So solve a problem created by government with more government. Right....
RE: i call BS
12/10/2013 3:46:59 PM
No. This would be less government.
Regulations for cable created regional monopolies for the providers. Now it's time to simply repeal those regulations and open competition to other potential providers.
"What would I do? I'd shut it down and give the money back to the shareholders." -- Michael Dell, after being asked what to do with Apple Computer in 1997
Google Fiber Goes Live in Kansas City with 700Mbps Downloads, 600Mbps Uploads
November 14, 2012, 9:00 AM
Microsoft to Discontinue Free, Ad-supported Xbox Music Service on December 1
October 23, 2014, 10:03 AM
Christian Bale Confirmed to Play Steve Jobs in Upcoming Film
October 23, 2014, 8:43 AM
Monica Lewinsky Speaks Out, Calls Herself "Patient-Zero" for Internet Cyberbullying
October 21, 2014, 2:25 PM
Google Fiber Finally Heading to Austin, Texas in December
October 16, 2014, 11:48 AM
Dropbox Flexes Security Muscle, Appears to Have Squashed Password Breach
October 15, 2014, 12:12 PM
U2’s Bono Apologizes for Forced “Songs of Innocence” Album Downloads
October 15, 2014, 7:55 AM
Most Popular Articles
Chinese Government Declares Digital War Against America's Top Tech Firms
October 20, 2014, 12:07 PM
PS4 "Masamune" Update 2.0 Will Bring New Music and Customization Features
October 17, 2014, 1:05 PM
Report: 2015 Ford Focus Electric MSRP Slashed by $6,000, Will Retail for $29,995
October 18, 2014, 6:23 PM
Cool Science Video of the Day: Carnivorous Leech Eats Giant Jungle Worm
October 16, 2014, 6:44 PM
Update: Motorola Droid Turbo Coming Oct 28, 48-hour Battery Life Confirmed
October 19, 2014, 9:19 PM
Latest Blog Posts
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information