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Fast, affordable Internet access for all.
Tonka Connect
By
on
Lake Minnetonka Communication Commission -- a group representing a number of suburban communities located west of Minneapolis -- is seeking to build a community-owned FTTH network. LMCC has decided not to seek funds from the broadband stimulus programs and instead seek private funding (likely from a revenue bond offering).
Much like Lafayette in Louisiana, these communities mostly have access to broadband already, but it is slow and overpriced. They are motivated to build a faster network that responds to community needs.
As is common with community networks, they have a significant hurdle in finding the start-up funding needed to pursue full funding for the project. Before they can approach the bond markets, they need to establish a business plan and demonstrate they are capable of building and operating the network. These costs can be substantial, but will be repaid after a successful bond offering.
We've added Tonka Connect to the links in the right sidebar and wish them the best of luck.
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