From Upgrade Seattle's own Devin Glaser:
"The second option, which is getting very little press, would be to introduce a property tax to build out the network. This option has the benefit of a smaller overall price ($440 million), and allows the City to provide gigabit Internet for just $45 a month. CenturyLink currently charges about $130 to $150 a month for gigabit Internet. Let’s see them undercut $45.
This option is just one of many potential ways moving forward in which the city could build out a public network. We’re excited to work with the mayor and the city council to fine tune a plan. But we’re definitely far from deterred.
Beyond funding specifics, the report also laid out a clear explanation of why we need a municipally-owned broadband utility:"