Cities Asked to Boost Money for Utopia

Summary

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OREM -- The cities that bet on the success of the Utah Telecommunications Open Infrastructure Agency (UTOPIA) are being asked to ante up more money to fund construction of the fiber-optic network.

Initially, 11 cities pledged $202 million in sales-tax revenue to back the bonds issued to build a network that would bring cutting- edge, high-speed Internet right to the doors of their businesses and homes.

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Cities Asked to Boost Money for Utopia

Now those cities and others that have joined UTOPIA are considering refinancing the bonds. The move would provide millions more for network construction, but it also would require the cities to pl...

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