Redding Fire and EMS Company #1, located in Redding, Connecticut, has signed a telecom lease with a wireless tower developer. This lease allows the developer to replace an existing tower on their land with a 120-foot tower. This larger size will allow for multiple carriers to make use of the site, thereby increasing wireless coverage to many consumers in the area. According to The Redding Pilot, “The fire district is leasing the tower to MCM, so those living within the fire district, which encompasses the eastern half of Redding, would likely see a reduction in fire taxes due to increased revenue coming from the tower lease.”
It is vital that the Redding Fire and EMS Company had sought well-qualified counsel prior to signing the long-term commitment with the tower developer, as they could have left thousands of dollars on the table otherwise. 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 telecom giants have experts working for them, shouldn’t you as well?