toggle

AAPL Stock: 121.3 ( -1.07 )

Printed from http://www.macnn.com

Provo, Utah city council unanimously approves Google Fiber offer

updated 06:22 pm EDT, Wed April 24, 2013

Taxpayers still owe $3.3 million construction debt payment annually

The seven-member Provo Municipal Council approved Google's offer to buy the iProvo fiberoptic network. The unanimous vote makes Provo the third area to adopt the search engine as an internet provider. While Google has to pay the area $1 for the right to use the extant fiber, the locality has a number of additional expenses related to the network that it must still pay, not previously announced.

Provo taxpayers are still on the hook for a $39 million bond that the city issued to build the network in the first place. The city still owes $3.3 million including interest per year for 12 years, in addition to $722,000 in equipment to allow the government to continue using the gigabit service for services like traffic lights and police services.

Additionally, Google has required that Provo precisely map the fiber lays, which will cost an additional $500,000. Provo has the option to spend $500,000 for an insurance policy to cover legal damages should the network not be presented to Google as planned.

Google will own the network outright, and will be responsible for modernizing and maintaining the decade-old hardware. The search engine is also required to provide free gigabit service to 25 public schools, recreation centers, and other public services.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented