Here’s a press release from Princeton Broadband MLP:
– New plan assumes a vendor-built network managed by Princeton-
Princeton Broadband Municipal Light Plant (PBMLP) will vote Oct. 19 to pursue installing a high-speed Internet network controlled and managed by the town but built by a qualified vendor/installer. This solution follows successful ventures by many municipalities nationwide now reaping the financial benefits of network control and ownership.
“We looked at different options from several vendors and also one from the state-control MBI initiative,” said Jon Fudeman, PBMLP member. “We all agreed that control and ownership by any outside entity would deny Princeton residents the flexibility to decide who runs their network and oversees its operation. Under our proposed solution, Princeton keeps the revenue generated from all subscription fees, while delivering affordable ultra-fast Internet access with the lowest possible risk.”
The Princeton plan – dubbed “Connecting Princeton” – will require borrowing funds that town officials believe will not increase property taxes. PBMLP anticipates scheduling a special town meeting in 2016 to present its plan in more detail. A two-thirds majority vote is required to pass PBMLP’s recommendation.
The public, as always, is invited to attend the public meeting on Oct. 19, which will be held at Town Hall Annex at 5 pm.