At&t wants to renegotiate contract after 2 years from initial start
We are a small church in Tri-Cities, WA, population about 250,000. AT&T approached us about installing a cell tower on top of our building. After what we think was due diligence, agreed to $1250 per month lease rate with a 3% increase per year. After the first year into the contract we have been contacted by a firm saying AT&T wants to renegotiate the terms as the industry is changing and the cell companies need to find more affordable long term leases. If we don't agree to the new terms, AT&T will begin looking for a new lease partner. What is interesting is AT&T spent around $200k modifying our building to accommodate the tower and would likely spend to same to remove the tower. Is this an idle threat and how should we respond?
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