For the past two weeks, I have been immersed in painting the downstairs of my home. So, I have been a little distracted – although not enough not to notice that President Obama has produced a great win for the American people who truly care about improving the health care delivery system in the U.S. Maybe a decade from now we won’t have the 37th place ranking among the world’s nations – right below Costa Rica and only two places above Cuba.
I received an interesting phone call earlier this week from a friend whose property was needed for a cell tower. He called to see what I knew about the deal Middletown Township was getting for the two towers currently going up here. I explained that basically the Township receives $10,000 yearly per carrier on the towers and there are currently two carriers on each.
It is very likely that the number of carriers will rise to at least five of the six carriers that cover this area, so we could be earning about $50,000 from each tower, with regular increases included in the lease agreement.
In his case, the company negotiating the lease for his property – which is not Tower One, the company working for Middletown – offered monthly payments that added up to just under $20,000 for two carriers that would be included with the initial erection of the tower. However, they were offering him a one-time payment of $2,500 for any carriers that were added after the tower went up.
Obviously, when he heard of the agreement Middletown reached with Tower One, he is going to take a tougher stand with the company that wants to lease his land.
To me, this highlights two important points – thanks to the research of Supervisor Robert McMonagle, Middletown Township is getting a great deal that will help hold the line on taxes, and there is a lot of demand for tower sites to help fill in the gaps created by the explosion in cell phone use. So get ready to see one of these near you.