A large telecom company was denied construction rights by a unanimous Town Council vote in Southern Shores, North Carolina. Since the denial, the telecom giant has searched elsewhere and leased a property owned by the Southern Shores Civic Association, in hopes of improving poor cell reception in the area. According to Civic Association president, Ross Mitchell, “The group signed the lease in June after surveying its membership. The majority opinion was to lease the land with the hope that a tower would improve poor cell reception that has plagued the town over the years.”
Did the Association sign a “smart cell tower lease” for the use of its property to house the facilities? What is the true value to the tower company for the use of the their land? Vertical Consultants has worked with all types of property owners, including associations, 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.