Willmar City Council approves selling bonds for Phase 1 of Willmar Connect project

KWLM 96.3 Lakeland Media reports

The Willmar City Council this week approved issuing bonds for Phase 1 of the Willmar Connect broadband project. Phase 1 will involved laying fiber optic cable to every home and business south of Highway 12 and west of 1st Street, then leasing the cable to any company interested in providing internet service. The bond approved Tuesday is for 9.2 million dollars, and City Operations Director Kyle Box says the bond would be repaid through revenues generated by leasing the network to the internet service providers…

…Box says it is estimated the Willmar Connect project will not cash flow until after Phase Two is up and operating in a few years…

…Box says it is hoped the contractor can begin work on Phase One later this year.

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About Ann Treacy

Librarian who follows rural broadband in MN and good uses of new technology (blandinonbroadband.org), hosts a radio show on MN music (mostlyminnesota.com), supports people experiencing homelessness in Minnesota (elimstrongtowershelters.org) and helps with social justice issues through Women’s March MN.

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