McGinn on public broadband

by Glenn Fleishman, PubliCola

It’s odd that the Seattle mayoral candidate who has taken a sabbatical from a telecommunications job, Joe Mallahan, isn’t the one pushing a city-wide broadband plan. Instead, the ostensibly green office seeker, Mike McGinn, pumps the idea that everyone in the city deserves fiber to the door.

In an interview with TechNerd, McGinn leaned on the city’s 2005 recommendations for a city-wide buildout, and a 2007 feasibility study conducted by an outside firm. That study determined that just about $450 million raised in a revenue bond issue, where only proceeds from the service would go to bondholders, and a relatively low subscription rate by residents would allow successful reployment. A good hunk of costs were relative to each subscriber who wanted service, and not incurred until that subscriber was signed up.

Read the full interview.

article originally published at PubliCola.

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