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Billboard industry briefs committee on economic footprint and seeks statutory clarity on takings compensation
Summary
The Outdoor Advertising Association of Tennessee presented industry employment and revenue figures, explained state and federal regulation tied to the Highway Beautification Act and described pending legislation to clarify compensation for billboards taken for road projects.
The Outdoor Advertising Association of Tennessee told the Senate Transportation and Safety Committee that billboards contribute to local economies through jobs, lease payments and advertising for Tennessee businesses, and that the industry seeks a statutory fix to clarify compensation when billboards are taken for public road projects.
Holly Kirby, executive director of the association, said member companies employ more than 175 people in Tennessee with an annual payroll of about $15 million and that member companies pay over $2.1 million in state and local taxes.…
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