Who Covers Cost of New Antenna?
Hi - My municipality is selling tower lease revenue. One of the bids provides for a little more money upfront, but in exchange, bidder retains 50% of any new revenue. I have a good idea (based on the existing 15 leases) what a new lease will generate. I've been told there's space for 2 more antennas, but the cost to add them is $50k-$100k each. Does this sound right? If it does, since the revenue would be shared (for a period of 10 years), who bears cost of new antennas - the municipality? the bidder (cell tower management company of some sort)? or the cellular company the leases the new antenna? Thanks.
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