Future uncertain for Kentucky broadband network

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Frustrated with repeated delays costing taxpayers millions of dollars, the Kentucky Senate has voted to effectively end a project that would bring high-speed internet capability to one of the poorest states in the country. But officials in Gov. Matt Bevin's administration warn it would likely cost more to kill the project than it would to finish it. That's because the state could be responsible for paying $286 million to pay off a loan to Macquarie Capital, the Australian-based venture capital firm that along with its partners has a contract to install a network of more than 3,000 miles of fiber optic cables touching all of Kentucky's 120 counties.


Future uncertain for Kentucky broadband network