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On the eve of massive breakthroughs in infrastructure technologies like power and broadband, cities like Boulder are building municipal utilities - placing decades-long bets that companies like SpaceX and others won’t succeed. The wager is bankruptcy.http://www.dailycamera.com/boulder-set-to-start-construction-on-broadband-fiber-network-core-with-council-approval-of-20m-debt …
In order to place such ludicrous bets, the city is putting up its buildings as collateral - since the Colorado Taxpayer Bill of Rights would require them to get taxpayer approval to raise the debt ceiling imposed by taxpayers. This ends well.pic.twitter.com/zIsuDVcqq5
the rate seems kind of high for a collateralized loan in a 0 interest world
Not when you price in a 99% probability of default.
what's going to beat fiber for broadband?
One argument is that with low altitude satellites, those who don't have access to either 4G/ADSL/Fiber/point to point radio can buy satellite access. Thus funds for building fiber infrastructure are better allocated to other more productive endeavours.
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