We knew that Gigabit Squared's fiber-to-the-home rollout was facing money troubles, but it's now clear that those problems were just too much to bear. Seattle's newly elected Mayor Ed Murray tells the Puget Sound Business Journal that his city's agreement to launch public internet through Gigabit has fallen apart before it could even take on its first customers. The official isn't ruling out a future deal, but he doesn't have any alternative providers lined up. Meanwhile, hope springs eternal at Gigabit Squared -- the company "look[s] forward" to speaking with Murray about future plans. Before it does, it may want to look into paying its bills.