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District hears buyout offer from Vertical Bridge for cell tower at Nance Elementary

5450681 · July 23, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Vertical Bridge offered the district three buyout structures — lump sum, three-year, or five-year — for use-rights to a monopole at 8959 Riverview Boulevard (Nance Elementary). The Real Estate Committee asked staff to take the offer to the full board and requested an internal valuation before recommending action.

On July 21, 2025, the Board of Education Real Estate Committee received a buyout offer from Vertical Bridge for the mobile carrier rights to a cell tower sited at Nance Elementary School (8959 Riverview Boulevard).

A district staff member summarized the current arrangement: Vertical Bridge pays the district $10,800 a year for the lease. Vertical Bridge’s representative, identified in the meeting as Mr. Fiore, said the company offered three structures…

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