Representatives from Whip City Fiber recently presented financial models to Southwick’s High Speed Internet Committee regarding the proposed construction of a town-owned broadband network. The committee is reviewing these models before making a final recommendation to the Select Board on the project’s feasibility.
Douglas Moglin, a Select Board member who proposed the project, emphasized that the goal is not profit but to pay down the debt. He explained that the internet committee has been meeting for several months to consider revenue projections and financial models, addressing concerns about the project’s financial viability.
The presentation by Whip City Fiber comes at a time when questions have been raised about the project’s potential success and financial sustainability. The committee is working to determine the best course of action moving forward and ensure that all options are carefully considered before a decision is made.
The Select Board meeting highlighted the importance of thoroughly evaluating the financial aspects of the proposed broadband network to ensure that it is a viable and sustainable venture for the town. With Whip City Fiber providing financial models and guidance, the committee is taking steps to make an informed recommendation to the Select Board on the future of the project. Stay tuned for updates as Southwick navigates this important decision for its residents and community.
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