Replenishing a City’s General Funds
The Challenge Balancing Immediate Needs with Long-Term Vision Like many municipalities, the City of Longwood, FL, relied on rental income from a single cell tower to support its annual budget. However, city officials questioned whether incremental lease payments were the best long-term strategy. The Opportunity Rethinking the Asset’s Potential Initially, selling the lease wasn’t considered. […]
Empowering a School’s Community Impact
Executive Summary Kula Aupuni Niihau A Kahelelani Aloha (KANAKA) Public Charter School is located on the island of Kauai in Hawaii and serves the native Hawaiian people. The school needed funds to make structural and programmatic improvements to expand its mission in the community. KANAKA worked with TowerPoint to monetize its wireless real estate assets […]
Municipality Sells Cell Tower Lease to Fund City Improvements
Executive Summary The City of Sierra Madre, CA, (City) located in San Gabriel Valley in Los Angeles, had leased property to several cell tower companies, which provided valuable revenue streams for the City’s general fund. Alongside industry changes that were unfavorably impacting municipalities, the City was approached by tower company representatives seeking significant rent reductions […]
Parks and Recreation District Maximizes Cell Site Lease to Fund Community Programs
Executive Summary The Auburn Area Recreation and Park District (ARD) had a Sprint cell tower on its property and was looking to convert its lagging rental income into immediate capital for a direct impact in the community. TowerPoint provided ARD with the full monetary value of its wireless lease to help fund community projects; and, […]