After three failed attempts at gaining approval for a cell tower to be erected at its ballpark, Palo Alto Little League is going to bat yet again. Neighborhood opponents hindered its progress in the past; however, due to poor wireless coverage in the area, they are hoping to win approval this time around. According to the Little League President, “The plan would add two light poles in the outfield and a back-up emergency generator. The lights would help illuminate the lot’s back corner, which is currently dark and unusable at night. The league would reap $2,100 a month for five years from the arrangement, enough revenue to make improvements to the 60-year-old facility.”
The monthly rent may enable the “facility improvements”, but what is the ballpark giving up in the lease agreement? What is the true value to the telecom company for the use of the ballpark’s land? Vertical Consultants has worked with all types of property owners 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. Vertical Consultants has made its mission to provide our clients the data they need.