State lets Salisbury refinance debt for muni broadband system
Bleeding money, unable to sign up enough subscribers, and incapable of investing in new technology to attract users, Salisbury’s beleaguered municipal broadband service is about to be leased to a private firm. The N.C. Local Government Commission approved a deal Tuesday, July 10, allowing Salisbury to refinance the Fibrant system’s $26.5 million in bonds. They...