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Telecom Board works to upgrade services Melodie Phelps News Editor A committee will work with Lake Cumberland Area Development District officials to redefine Phase I of the cable upgrade project, according to a discussion at last Wednesday¹s meeting of the Telecommuni-cations Board. Donna Diaz, with the Lake Cumberland Area Development District, spoke with the board regarding possible grant funds that may be available to help finance the proposed fiber-to-the-home upgrade for the system. Diaz said there are likely some funds available through the Appalachian Regional Commission, as well as the Community Development Block Grant program. The state has designated $1 million for this project, but that budget has not been approved. Diaz noted that there could also be some state gap funding available for this project. The board had submitted an RUS loan application for the total project, but that application was rejected because of a lack of equity. The board is now working to put together some grant funding that would provide equity for a scaled-down RUS loan application. Board chairman Wade Upchurch told Diaz last week that the project was originally planned in phases and the board is now looking at finding money for Phase I of the project. Diaz suggested that a small committee be formed to meet with her and put together a proposed funding package for the initial phase of the project. Upchurch appointed Bob Hayden, Greg Latham and Aaron Stringer, who will meet with Diaz. A report will come back to the Telecommunications Board, possibly by the next meeting. Add a comment |
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