Some “creative financing” on the part of the city of South Hutchinson will assist internet provider IdeaTek in bringing its highspeed fiber-optic service to the community of 2,500. The South Hutchinson City Council approved a couple of actions on Monday night to set the plan in motion. That included creating a “Community Improvement District (CID)” that encompasses a small parcel of ground in South Hutchinson the Buhler-based provider will build its service hub on. … Creating the CID will allow the company to pay off the pass-through bonds using a portion of customer service fees, explained South Hutchinson City Administrator Joseph Turner. Turner said he’s been working with the provider for months to find a way to bring the company to town.
Source: Hutch News
