UTOPIA reports growth, rising payments to Perry, but questions remain on long-term return

The Utah Telecommunication Open Infrastructure Agency (UTOPIA) reported continued subscriber growth and rising annual payments to Perry City last week, but councilmembers questioned whether those gains translate into meaningful financial progress as the city continues to carry long-term debt tied to the system. UTOPIA, a consortium of cities formed in 2004, operates an open-access fiber network that allows private internet providers to deliver service over publicly owned infrastructure. Perry is one of the original member cities and helped finance the system through bond debt issued during its early construction. That initial model struggled. UTOPIA refinanced about 5 million in debt... Article Link