The U.S. Department of Agriculture’s Rural Development office has awarded a roughly $19 million loan to International Broadband Electric Communications Inc., an outfit specializing in delivering broadband Internet over existing power lines.
Customers of Central Virginia Electric Cooperative in 11 Virginia counties are expected to benefit, including those in Albemarle, Buckingham, Nelson, Fluvanna, Louisa and Orange.
Fantastic. As broadband finds its way into the more remote and rural area of the region, real estate values in those areas will (I expect) increase – certainly not exponentially, but there will be more eligible buyers for these properties. This seems to be an excellent example of governmental agencies and private entities working together.
From the DP (no longer available).
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Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.
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