The Costly Part of Government-Owned Broadband – Michigan Capitol Confidential

The Costly Part of Government-Owned Broadband – Michigan Capitol Confidential
"Residents of 10 towns in Minnesota will see property tax hikes to cover a shortfall in subscriber revenues to a government-led broadband project. 
This should serve as a warning to municipalities in Michigan implementing or pursuing their own plans.
Ten cities and 17 townships in rural Minnesota created a cooperative and sold $13.7 million in bonds to help finance the construction of a $55 million fiber optic network.
According to documents from the cooperative, reported by Tom Steward of the Center for the American Experiment, a $1 million revenue shortfall quickly developed, which will result in higher property taxes for some of the communities.
...In Michigan, Traverse City and Holland have joined a few smaller municipalities in pursuing government-owned or operated broadband networks..."
Read on!