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Tell Us: Cell Towers?

The village has been approached by another cell carrier; is it a good idea?

A wireless leasing company has approached the looking to acquire space on the

Unison made the offer Monday night at a work session and is offering the village $2.8-$3.1 million in cash to lease the site for an estimated 40 years.

If acquired, Unison will received all revenue streams from the five existing cell carriers that occupy the water tower. Board members estimated that the village currently receives $25,000 total per month from all carriers at the site.

Is this a good idea?

Is not enough known about cell towers to move forward?

Does the financial package for Farmindale sound good to you?

 

cfsweb September 13, 2012 at 02:08 PM
that is not a good deal. just do the math. $25,000.00 a month times 12 =$300,000.00 a year that the village is making now. $300,000.00 times 40 years =$12,000,000.00 thats 12 million why should the village accept any less.
Brian Karcher September 13, 2012 at 03:24 PM
40 years is way too long
Patrick burns September 13, 2012 at 04:19 PM
PLEASE DO NOT DO IT! My 9 year old can figure the math on this one. Besides the 3.1 mil that the town gets will be long gone before 40 years. Then where will we get the money from? How many jobs will have to be cut to subsidize the revenue we would have had! PLEASE, PLEASE, PLEASE DO NOT DO IT !!!!!!!! ALL OF OUR CHILDREN WILL SUFFER ON THIS ONE. Let's not be the donkey going after the carrot on this one.
Raymond Collins September 17, 2012 at 02:05 PM
There's a little concept in economics called "future value of present funds", Yes, they may make a total of 12 million over 40 years, but what is the value of receiving 3 million today, 40 years from now? Assuming a 5% return, it's right about 13 million. Not knowing simple highschool economics is the reason so many in our country make bad economic decisions. Just because you can add and multiply doesn't mean you recognize the broader value of capital resources.

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