Sinking Spring Council sets $1,800 target in Verizon tower lease talks
Borough staff told council Verizon proposed cutting monthly rent on a tower from about $2,250 to $1,700; council instructed staff to pursue a $1,800 monthly rate with 2% annual increases, and to continue negotiations to avoid losing the tenant.
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Council members directed borough staff on Aug. 13 to press Verizon for a compromise lease rather than accept the carrier's proposed rent cut. Borough Manager Michael Hart told council Verizon had proposed reducing monthly rent from about $2,250 to $1,700, with a delayed increase schedule; administration rejected that offer and asked for guidance.
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