United Fiber & Data-related investment expectations in excess of $200M
The plan backed by members of the rock band Live to bring a fiber-optic network through Pennsylvania, build four data centers and complete two other related projects represents regional investments in excess of $200 million.
Business partners and dignitaries announced the initiative by United Fiber & Data Thursday night in York.
Total costs for constructing the network itself, stretching from New York to Virginia, are estimated at about $29 million, said Bill Hynes, an investor in UFD along with Live band members and CEO of Think Loud Development.
Four data centers at York, Lancaster, Reading and Allentown locations are expected to run about $40 million apiece, and work is expected to begin this year, Hynes said.
In addition, $14 million in renovations to the former Bi-Comp building in York that will host UFD offices are about 75 percent completed, he said.
There also are plans for a building in Allentown’s Neighborhood Improvement Zone for UFD offices and for other potential tenants, Hynes said. Cost estimates are ongoing, he said.
The network for customers will bypass the traditional Interstate 95 route and offer a redundant, highly available and low-latency path from the greater New York City area to Ashburn, Va., according to company statements.
It also will offer more bandwidth flexibility for businesses along the route, driving commerce and community access in the region, the company said.
Courtesy of the Central Penn Business Journal. Read the full article here: