Monticello got their last needed piece of good news. Here’s the word from their web site:
On Tuesday, June 16th, the Minnesota Supreme Court denied Bridgewater Telephone Company’s (TDS’s) petition for further review of its challenge to the FiberNet Monticello project. The City received a favorable ruling from Wright County District Court last fall and two weeks ago the Court of Appeals also ruled in favor of the City of Monticello. The effect of the ruling is that the City should now be able to access the revenues from bonds which were issued last year to finance the construction of the FiberNet system. Those revenues were placed in escrow when Bridgewater/TDS commenced its legal challenge to the City’s project and remained there so long as the litigation was pending.
The revenues are more than $25 million. As the Monticello Times reported – it’s over.
I heard Jeff O’Neill (from Monticello) speak about the ordeal recently. Specifically he talked about people asking if Monticello would still be pursuing fiber, since TDS is well on the way to providing the service too. He said yes – that it was the competition that got the incumbents going and he felt that only competition would keep the focus on world class service. I thought it was an interesting and telling statement.