The Livonia, Mich. School Board has welcomed the opportunity for a revenue enhancement of $900,000 from American Tower Corp. for a perpetual easement for a three-tenant stadium lighting monopole site at Stevenson High School’s athletic field, and agreed to ink an agreement on Monday.
According to an article in Home Town Life, Interim Superintendent Andrea Oquist said the $900,000 is nearly half of the $1.9 million in revenue enhancements the district need to balance their general fund budget.
The district was receiving lease payments of $60,000 per year.
Allowing tower companies to buy out their lease by tower consolidators is becoming slightly more common, a leasing consultant informed Wireless Estimator. “But primarily because the offers have continually increased over time, just like tower multiples,” he said.
The agreement is available here.