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Fitch Ratings Concerned About KentuckyWired Construction Delays

January 6, 2017

Right before the holidays last month, Fitch Ratings released its latest assessment of the $232 million in bonds issued for Kentucky’s statewide, government-subsidized broadband network, KentuckyWired. According to Watchdog.Org, Fitch kept the bonds “at a mediocre BBB+, but changed the outlook to negative” for several reasons. Fitch explained that it was switching the outlook to …

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Kentucky Moving Ahead With Costly Statewide Broadband Network

September 22, 2016

Kentucky taxpayers received some disappointing news last week. According to The Associated Press, Gov. Matt Bevin “said he is ‘absolutely committed’ to completing a statewide broadband network despite questions about how the state will pay for its share of the $270 million project.” As the news story explains, the state is facing a $13 billion …

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Bluegrass Institute’s Waters: Scale Back KentuckyWired

September 7, 2016

On Saturday, The Grayson County News-Gazette published an op-ed by Bluegrass Institute President Jim Waters that discussed Kentucky’s statewide government-owned broadband network, KentuckyWired. Waters called the project, which will cost $340 million, a “boondoggle” that was “sloppily enacted” by the previous governor, Steve Beshear. Waters argued lawmakers should significantly scale back the project because “Kentucky …

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Surprise! KentuckyWired Won’t Be Done In 2018

August 3, 2016

According to @CN2, a news network in Kentucky, the state’s statewide government-owned fiber optic broadband network is behind schedule. Officials originally thought the project would be complete some time in 2018. The news network now reports, “The first phase of the project, which includes Frankfort, Louisville, northern Kentucky, and areas of rural southeastern Kentucky, are …

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