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Cobb school district to receive more money from cell tower lease

The Cobb County School District is expected to receive $477,675 over 10 years instead of $90,000 at the current level from its cell tower lease at Still Elementary School. AJC file photo
The Cobb County School District is expected to receive $477,675 over 10 years instead of $90,000 at the current level from its cell tower lease at Still Elementary School. AJC file photo
By Carolyn Cunningham
April 3, 2017

A change in a lease agreement with Comcast Cable Communications will yield more income to the Cobb County School District. This change was approved recently by the Cobb County Board of Education for a cell phone tower at Still Elementary School in Powder Springs. The amendment provides for a renewal of the existing lease, including a new five-year period and an option to renew for an additional five years. Current revenue for this lease is $9,000 annually.

Future revenue from December 2016 to December 2021 will be nearly $45,493 annually and, from January 2022 to December 2027, almost $50,042 annually. That 10-year total will be $477,675. This change will increase the revenue from Comcast to the similar level of current cell tower contracts.

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