At a special event, the City of Fort Collins announced the name of the new, City-run broadband service will be Connexion. The City has financed the project by issuing $142 million in bonds. Residents should be able to start plugging into the municipal broadband network in fall 2019, though it will be restricted by geography as the network builds out. City officials expect it to be citywide sometime in 2021.
“The successful sale, high-quality credit ratings from two agencies, and investment from right here in Colorado speaks to the tremendous public support and investor confidence in the City of Fort Collins as a fiber broadband utility,” Mayor Wade Troxell said in a news release announcing the sale of the bonds. “I’m thrilled to celebrate this important milestone in the journey to provide open access and high-speed internet service to all in our community.” Note: Boulder, Loveland and Greeley are also considering the idea of creating municipal broadband utilities. Some elected officials argue a broadband utility would boost economic development and benefit residents.
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