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Hardesty Capital Management, LLC

After millions of investment, jurisdictions try to achieve potential of fiber network

After millions of investment, jurisdictions try to achieve potential of fiber network

Three years ago, the state completed one of the nation's largest public investments in a fiber optic network— installing hundreds of miles of cables that politicians said would secure fire and police communications, spur economic development and lead to faster, cheaper internet.

Today, much of that potential remains untapped, lying unlit like a 21st-century highway to nowhere.

The network, much of it financed by $115 million in federal stimulus funds, connects primarily to public buildings, like schools, libraries and police and fire stations. But many of the extra strands installed in anticipation of private-sector demand lie dark.

"Right now, it's an asset...

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