Instead they line the pockets of bureaucrats, unions and the local mayor's brother in law who had a truck and "won" the contract to lay fiber.
Then a citizen posts a screed decrying the behavior of the city board, and lo and behold, his website is suddenly unavailable to the rest of the city.
In a free market its competition which lowers costs. Firms can try to "line the pockets of executives and investors" but if their competitors don't, they're going to lose. We need more competition not a government owned monopoly.
A municipal internet is tolerable because a local citizenry can hold it accountable, but the further up the chain you go, the more likely that power is going to be abused.
Particularly as it relates to free speech.