The Township of Mahwah, New Jersey could potentially be adding to its existing cell tower monopole. Wireless Holdings Network has issued a proposal to town council to add a 30-foot extension to the current 120-foot tower. According to Council President, the additional revenue from the extension would be “a terrific new source of income.” But HAS the city has received a fair proposal for the use of this additional tower space? What is the true value to the tower company for the additional use of the existing cell tower monopole?
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.