Verizon tower lease renewal terms
Summary
Verizon wants 20 more years on the Host Drive tower lease: a 5% rent bump in year one, then 4% a year. The antennas cost the utility nothing to host, so it's nearly pure revenue — the commission took the deal, pending final legal language.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 21, 2026.
Impact analysis
Renewal preserves a revenue stream the utility would lose entirely if Verizon didn't renew.
Utility ratepayers, since the lease revenue helps offset costs.
AT&T, which will continue paying existing lease rates.
Mentions & discussions (3)
Utility Commission - Sep 21, 2026
Verizon wants 20 more years on the Host Drive tower lease: a 5% rent bump in year one, then 4% a year. The antennas cost the utility nothing to host, so it's nearly pure revenue — the commission took the deal, pending final legal language.
Utility Commission - Jul 20, 2026
AT&T tried to renegotiate its leases at the Host Drive and Dodge Street towers early, asking for rent cuts totaling over $700,000 in future revenue. The commission denied both, keeping the existing terms.
Utility Commission - May 18, 2026
US Cellular is offering its concrete equipment building and barely-used generator at the Center Street water tower to the utility — a free backup power source for a key communications site. Staff will work out the deal with the city attorney.
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