We complete the list of one loop renormalization group equations and matching conditions relevant for the computation of the electroweak precision parameters $S$ and $T$ in the three site Higgsless model. We obtain one-loop formulas for $S$ and $T$ expressed in terms of physical observables such as the KK gauge boson mass $M_{W}$, the KK fermion mass $M$, and the KK gauge boson ($W$) couplings with light quarks and leptons $g_{Wff}$. It is shown that these physical observables, $M_{W}$, $M$ and $g_{Wff}$ are severely constrained by the electroweak precision data. Unlike the tree level analysis on the ideally delocalized fermion, we find that perfect fermiophobity of $W$ is ruled out by the precision data. We also study the cutoff dependence of our analysis. Although the model is non-renormalizable, the dependence on the cutoff parameter $Lambda$ is shown to be non-significant.