Earlier this month, Waterloo City Councilors unanimously approved a $2.5 million contract using its American Rescue Plan funds to hire Magellan Advisors to design and engineer a fiber-to-the-home network for the ninth-largest city in Iowa (est. population 68,000).
The plan, as we previously reported, is to deploy 309 miles of underground fiber across the city, which according to Magellan’s proposed contract, will pass “nearly every household and business throughout the community.”
Although the design and engineering work will provide city officials with an official estimate on how much it will cost to build the network, a study commissioned by the Waterloo Industrial Development Association (WIDA) in 2019 estimated it would cost between $39 million and $65 million to construct a city-wide network, according to the Waterloo Cedar Falls Courier.
The city’s Chief Financial Officer, Michelle Weidner, told Government Technology magazine the city is likewise eyeing American Rescue Plan funds to help pay for construction costs, although City Councilor Pat Morrissey noted that a bond issue will likely be necessary – something that Morrissey said is well worth it “in the long run.”
"You don't grow a community by cutting, you grow a community by investing," Morrissey said. "And what we as taxpayers will be doing is investing in something that is so long overdue, and I believe will be so appreciated."
Long Time Coming
While Waterloo Mayor Quentin Hart touted his 2030 Vision Plan, which included bringing better broadband to the city in his recent...Read more