RFP Staff
♦ Salisbury, with its Fibrant debacle, is not alone in the municipal telecommunications flop department. There are an armada of washout municipal telecoms putting their cities through the financial ringer across the country. One such municipal flop is Burlington Telecom in Burlington, Vermont. After spending nearly $50 million on a telecommunications system, that less than 10 percent of the population uses, Burlington, Vermont is asking its taxpayers for $10.5 million more. Like Salisbury with Fibrant, Burlington Telecom got Burlington, Vermont’s bond rating substantially lowered by Moody’s and suffers long-term financial devastation.
Burlington, Vermont and Salisbury, N.C.’s municipal telecommunications stories mirror strong similarities:
