The Westfield Redevelopment Commission has approved a tax increment financing initiative for broadband provider Metronet. The city says the approval allows the company to move forward installing its fiber optic network throughout the community.
February 27, 2015
Westfield, Ind. — Gigabit broadband provider Metronet has received approval from the Westfield Redevelopment Commission to proceed with a tax increment financing (TIF) initiative to be paid by the company's personal property taxes. The approval will allow Metronet to move forward installing their state-of-the art fiber optic network throughout the community.
“It took Westfield 64 days to get from declaratory resolution to its confirmatory resolution,” said Steve Biggerstaff of Metronet. “That's gig speed for a community.”
Metronet is expected to close on the bonds and begin construction by mid-March.
The communities Metronet serves are among the first handful of cities in the U.S. to receive this technology. Westfield will be the 22nd Metronet Gigabit City in Indiana to work with the fiber provider.
Because of their 100% fiber optic network, Metronet can consistently deliver blazing-fast Internet speeds up to a Gigabit per second. And, with every customer they service directly connected to the fiber network, customers receive consistently fast speeds rather than sharing a connection with their neighbors. Metronet also provides TV and phone service.
Metronet is in the process of establishing themselves in Westfield. Until that time, residents are encouraged to call Metronet at 1-855-477-8754 with any questions or visit www.metronetinc.com/westfield.