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Tri‑State asks Sharon to defer CPI rent increase after loss of CPB funding; board to seek more information
Summary
Tri‑State Public Communications requested that Sharon defer a CPI-based rent increase at 67 Main Street after losing CPB funding; the board noted lease obligations appear unmet, recorded the CPI calculation (4.1% = $92.25/month) and directed First Selectman Flanagan to arrange a follow-up meeting and seek attorney review.
Tri‑State Public Communications has asked the Town of Sharon to either maintain current rent or defer a rent increase scheduled for March 15, 2026, after the station lost Corporation for Public Broadcasting (CPB) funding, according to minutes from the Feb. 24 Board of Selectmen meeting.
Under the Lease Agreement for 67 Main Street, the town may increase rent based on the New England housing Consumer Price Index (CPI). The minutes record a CPI increase of 4.1 percent, which equals $92.25 per month under the lease formula; the lease also contains an option for Tri‑State to extend for two additional years. Tri‑State submitted a letter asking whether the town could keep rent at the current level or defer the increase because of the funding loss.
Board members noted that certain lease obligations have not been met by Tri‑State and that the board needs more information before acting. First Selectman Flanagan will arrange a meeting with Tri‑State and will have Attorney DiBella review the proposed Agreement and lease issues before the board makes a decision.
No vote was taken during the meeting; the matter remains pending further review.
