Monticello's model broadband effort in peril TOM MEERSMAN, Star Tribune June 7, 2012 But Monticello says it won't abandon FiberNet's 1,700 customers. Once seen as a national model, Monticello's broadband network can no longer pay its bills. The city, about 40 miles northwest of the Twin Cities, notified banks and bondholders Wednesday that it will no longer make debt service payments on $26 million worth of revenue bonds that were sold to build the fiber optic system in 2009.
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