1. Massachusetts Broadband Institute pulls funding from WiredWest, advises towns to walk away from proposed contract

    Massachusetts Broadband Institute pulls funding from WiredWest, advises towns to walk away from proposed contract

    The Massachusetts Broadband Institute has halted state funding to WiredWest, saying the rural broadband aggregator's draft operating agreement with member towns is "not compatible with the best interests of the Commonwealth, the towns, or their residents." The institute is further recommending that towns not sign a proposed WiredWest operating agreement, which is now before local officials with a Jan. 9 deadline for approval. "Because of overall concerns with project operations and sustainability, the MBI will not authorize expenditure of state funds" for the broadband model as described, institute director Eric Nakajima wrote in a Dec. 1 letter to local ...

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    1. Because of overall concerns with project operations and sustainability, the MBI will not authorize expenditure of state funds
    2. WiredWest's plan to repay debt service to the towns will be difficult or impossible to achieve at reliable subscription rates. ... Towns should assume that they will have to repay most if not all of the debt that they borrow.
    3. If the towns leave WiredWest they will lose all rights to the broadband network in their towns, with no assurance of full repayment of their municipal debt.
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