WATERLOO, Iowa (AP) - Waterloo officials will vote whether to spend $84,500 to study the feasibility of a city-owned broadband utility.
The Waterloo-Cedar Falls Courier reports the City Council will be asked Monday whether to approve the study by Denver-based Magellan Advisors.
The council voted earlier this month to set aside money from unspent general obligation bonds for the costs. The vote Monday would engage the company for the study.
Business groups and others have encouraged officials to consider the municipal utility because of dissatisfaction about current internet services offered by private companies. A study by the Waterloo Industrial Development Association estimated the cost of a fiber-to-home system at $39.2 million to $65.3 million.
The study would be completed this spring.
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Information from: Waterloo-Cedar Falls Courier, http://www.wcfcourier.com
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