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Article: Municipal Broadband Networks Risky for Taxpayers, No Boon to Economic Development.
- Article from:
- PR Newswire
- Article date:
- October 22, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Oct. 22 /PRNewswire/ -- Widespread availability of broadband technology, cutting-edge innovation in the industry, stiff competition among providers, and falling prices all mean the case for municipal ownership of broadband networks is weak and growing weaker, according to a report from The Heartland Institute.
"Threatening to build a municipal broadband network may have been a good strategy two years ago, to prompt incumbent cable and telephone companies to make good on past promises," writes Joseph L. Bast, president of The Heartland Institute and the study's author. "Following through with municipalization, however, is not a good idea."
The ...