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 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.
"When an individual makes a copy of a song for himself, I suppose we can say he stole a song." -- Sony BMG attorney Jennifer Pariser
Google Fiber Goes Live in Kansas City with 700Mbps Downloads, 600Mbps Uploads
November 14, 2012, 9:00 AM
Quick Note: European Central Bank Hacked, Personal Information Stolen
July 24, 2014, 5:20 PM
EU Privacy Watchdogs Meet with Google Over "Right to be Forgotten" Requests
July 24, 2014, 12:29 PM
Report: New UK Broadband Users Give Porn Filters the Shaft
July 23, 2014, 11:49 AM
Comcast Memo: Harassing Customers During Retention Calls Actually IS Our Policy
July 22, 2014, 5:19 PM
Aereo Now Claims It's a Cable Company, Reveals it Has Very Few Customers
July 22, 2014, 4:20 PM
Edward Snowden Presents Tech to Stop Government Spying
July 21, 2014, 12:00 PM
Most Popular Articles
Microsoft Kills Entertainment Unit, May Shelve Flagship Lumia "McLaren"
July 18, 2014, 7:40 PM
JJ Abrams Unveils X-Wing Starfighter for New "Star Wars" Movie
July 21, 2014, 12:24 PM
Boeing 777 Malaysian Airlines Flight 17 Crashes in Ukraine
July 17, 2014, 1:00 PM
Ford Details ’15 F-150’s 325hp, 2.7L EcoBoost V6; Demonstrates 732-lb Weight Loss
July 22, 2014, 6:55 PM
Toyota Scientist: Autonomous Vehicles May Lead to Increased Fuel Consumption, Pollution
July 18, 2014, 2:42 PM
Latest Blog Posts
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
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information