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Fed loan expedites building UTOPIA. Fiber-optic network: Six small Utah cities to get broadband access sooner
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Six small Utah cities, from Payson in the south to Tremonton in the north, are about to get pushed to the top of the UTOPIA fiber-optic network’s construction schedule.
The UTOPIA system, short for the Utah Telecommunications Open Infrastructure Agency, has received a $66 million commitment from a new U.S. Department of Agriculture loan program designed to help small communities build up their telecommunications infrastructure.
"We’ve received a loan commitment but we’re unsure of how long it will take before we can close on that financing," said Roger Black, UTOPIA’s chief operating officer. "Regardless, we’ll get started [on construction in those cities] as soon as we can."
The UTOPIA system was born in 2002 amid a sense of frustration by community leaders that the state’s leading private telecom providers were not moving fast enough to bring the benefits of high-speed broadband services to their cities.
By Steven Oberbeck
The Salt Lake Tribune
Full Story: http://www.sltrib.com/business/ci_4182192
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