A historic mill yard chimney in Nashua, New Hampshire, might have a good opportunity for much-needed restoration. Telecom companies are considering the possibility of placing a tower within the existing chimney structure. City officials have hoped to revamp the chimney; however, costs would be hundreds of thousands of dollars to do so. According to The Nashua Telegraph, “Installing a cellphone tower inside the brick structure would allow the city to potentially reap income and also shift the burden of maintaining the chimney to a private company.”
If selected, will the city receive a fair proposal for the use of its chimney to house the cell tower? What is the true value to the tower company for the use of the chimney structure? Vertical Consultants has worked with all types of property owners, including municipalities, who are being paid below-market value for the use of their property. The primary reason for this is the lack of information and representation provided for these entities. Ample information and representation from a true landowner advocate are key factors these industries need in order to optimize the use of their properties. Vertical Consultants has made its mission to provide our clients the data they need. While telecom companies have professionals on their side who know the true value of every tower site they control, property owners should have advocates working for them determining options to optimize their telecom assets.