Lafayette County marathon closed session takes first step entering into bond financing with Bug Tussel
The Lafayette County Board approved an initial step to issue $14 million in bonds to Bug Tussel Wireless, LLC, aimed at financing telecommunications infrastructure projects across the county. This includes acquiring land, constructing towers, and installing broadband and cellular equipment to enhance communication capabilities. Despite some supervisors expressing reservations, the decision was seen as vital for future economic development and improving broadband access. Bug Tussel emphasized the county’s role in securing favorable financing terms, which would benefit both parties in deploying fiber optic networks. The resolution, though non-binding, passed unanimously with plans for further regulatory considerations and potential voter referendum.
Read the full story by clicking here!