The Bridgeport Development Authority has agreed to solicit proposals from banks to help finance a $5 million expansion of a super high-speed Internet project in the city.
The development authority will seek $2 million from lending institutions so Citynet can extend the pilot Fiber to Home service to all city residents and businesses, Bridgeport Community Development Director Randy Spellman said.
As the pass-through agency on the project, the development authority already has secured a $3 million loan from the West Virginia Economic Development Authority, Spellman said.
The pilot Fiber to Home project encompasses 100 homes on Johnson Avenue and Ridgeway, Valley, Village and Vista drives, according to the project website.
About 38 to 40 homes are participating, Martin said.
The project is an attempt to make Bridgeport the state’s first city with gigabit-speed Internet.
“We’re excited and really look forward to making the city of Bridgeport the first gigaport city in West Virginia,” Martin said.