Where's the subsidy? These projects are usually paid for through usage fees, not taxation. There is a lot of money that will only invest in Triple-A rated bon

Where's the subsidy? These projects are usually paid for through usage fees, not taxation. There is a lot of money that will only invest in Triple-A rated bonds. Local governments have the scale, return-on-investment horizon, and political willpower that private ventures lack. The funding is easier to secure at lower cost because the investment is less risky. It's not a risk-free venture, but (worst case scenario) everyone has to pay double the projected cost and we end up with the standard Comcast bill. I would prefer to send that money to my local government than to Comcast for perpetuity.