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Board extends Crown Castle cell-tower lease through 2050 for planned Middle/High School site
Summary
Union County School staff told the board it negotiated an 18-year reduction of a requested 30-year Crown Castle lease extension, extending the existing lease through 2050; board approved the extension. Staff said the tower occupies about 0.17 acres and currently brings the district roughly $1,508 per month plus shared subtenant revenue.
MONROE, N.C. — The Union County Board of Education approved an extension to a Crown Castle lease for a cellular tower located on a parcel associated with the planned Middle/High School D site in the Hemby Bridge area, extending the lease through 2050.
District staff presented the proposal and said Crown Castle had requested a 30-year extension to attract additional wireless tenants; the district negotiated an 18-year extension that would extend the lease until 2050. The current lease had been in place since February 2011 and was described by staff as set to expire in February 2032, which is why an 18-year negotiated extension reaches 2050.
Staff described financial and…
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