Hatfield Township, located in Pennsylvania, is looking into the possibility of adding a cell tower to municipal land in order to acquire additional revenue. The Township officials are in discussions with a tower company to find the most optimal location for a cell tower, which would be the most attractive to mobile carriers. According to Montgomery Media, “P3’s standard cell towers are 120 to 150 feet tall and built to host up to six cell carriers — room for the four majors: Sprint, AT&T, T-Mobile and Verizon plus others. Exact figures would be negotiated with each carrier, but Romanowski presented a set of general revenue figures for several scenarios: a tower with two carriers would earn a monthly rent of $2,000 per carrier, of which $800 (40 percent) would go to the township, producing a monthly revenue of $1,600 or annual revenue of $19,200 — up to $35,000 per year if the tower is filled.”
These numbers may appear “fair” to the Township, but are they really? What is the true value to the tower company for the use of municipal property? Hatfield Township must seek proper representation prior to reaching any deal with the tower giant. Vertical Consultants has assisted landowners, including municipalities, in exploring all options available to maximize the full value of each property. We will be glad to share in more detail what services we can provide, and we always offer a free initial review.
(http://montgomerynews.com/articles/2014/02/11/north_penn_life/news/doc52fa57e1defe7139415473.txt)
