Issues in securing funding by Gigabit Squared puts fiber network at risk
Seattle's plans to have its own gigabit Internet service may be delayed longer than expected, according to the outgoing city mayor. Mike McGinn, the current Seattle mayor being replaced at the end of the year, revealed that current attempts to get the Gigabit Squared fiber network going have allegedly been hampered by issues in securing funding for the project.
Gigabit Seattle to build fiber-to-the-home/business in 12 initial areas
The City of Seattle has reached an agreement with broadband developer Gigabit Squared for the development and operation of an ultra high-speed fiber-to-the-home/business broadband network. The plan, dubbed Gigabit Seattle, will begin in twelve Seattle neighborhoods as a demonstration, and it will leverage Seattle's excess giver capacity to encourage business owners, health care and education entities, and public safety institutions to take advantage of and innovate on the fiber network. The project will also include the construction of a gigabit broadband wireless umbrella covering the city of Seattle, transmitting fiber Internet connectivity to houses and offices outside the demonstration area, so long as they are within line of sight.
Claimed highest single property deal this year
Amazon will spend over $1 billion in order to buy its headquarters, according to reports. The purchase of the Seattle corporate offices will be the biggest commercial real estate deal for a single property for the year so far, according to Reuters, and will see the online retailer take ownership of the buildings it currently leases.
Store follows company's placement tactics
Microsoft is finally preparing to open its Seattle store, which has been placed directly opposite one of Apple's retail outlets. On the Microsoft Store official Facebook page, the company posted an image of the building, which is still under construction, along with a comment promising to open the University Village location sometime in the fall.