The West Central Tribune reports on the latest twist of the CTC-Kandiyohi County broadband project (and recipient of MN broadband grant)…
County Administrator Larry Kleindl received notice late Thursday afternoon from Consolidated Telecommunications Co. CEO Kevin Larson that the Brainerd company intends to pull out of the project.
In a signed letter sent via email, Larson said the “lack of sufficient future broadband subscribers financially committed to the project” led the company’s board of directors to decide not to accept a $4.9 million state grant that was a key piece of the $10 million project, which would also have included $5 million in county-backed tax abatement bonds.
“Proceeding with the project would not be financially responsible for our Cooperative,” Larson wrote.
Kleindl said he was caught off-guard by the company’s decision.
It sounds as if local folks are saying it’s not over ‘til it’s over…
Despite the bleak announcement from Consolidated Telecommunications Co., Kleindl and [Representative] Baker said they are not ready to give up and will pursue negotiations in hopes of still reaching a positive resolution.