Residents in St. John’s, Newfoundland, Canada, are displeased with the possibility of a new cell tower being constructed at a local school. However, there is a need for improved wireless and data service in the area. According to CBC News, “Bell Media claims growing demand for mobile internet service in St. John’s means they need to construct a new tower. The company wants to install the tower a few hundred feet from the school, on property near a seniors’ complex.”
What is the true value to the tower company for the use of school property? Vertical Consultants has worked with all types of property owners, including schools and 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.