Peachtree City’s city council approved a resolution Thursday to establish a municipal fiber optic broadband utility for local government and commercial use.
The city will work with Community Broadband LLC to finalize business and infrastructure plans, expecting to have the first customers online within a year. The city will initially use a $3.2 million bond to finance the project. Financial Services Director Paul Salvatore said the city would benefit from having its own “backbone” to use and lease.
The high-speed system would be marketed to existing and new businesses, but service to residential customers is unlikely because of the additional lines required and competition with existing cable TV providers.
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