Finley Stadium could have a new and patriotic revenue stream in the not-too-distant future.
Paul Smith, the executive director of the 20,668-seat facility, said at today’s Stadium Corp. board of directors meeting that he was approached in March by Wireless Properties about the instillation of a 150-foot-high cell tower on stadium grounds. The cell tower would resemble a flag pole that would hold a 20-by-30-foot American flag, and it could generate $850 in monthly rent the first year with a rate increase of 3 percent per year.
Smith added that the lease may be for as many as 23 years, at which time Wireless Properties could agree to pay $2,237 a month.
“I think it will be an asset both monetarily and with landmarking,” Smith said. “We’ve got a big, open space, and it’s an American flag look.”
The 150-foot tower would be 30 feet taller than the stadium lights surrounding Finley Stadium, and it would be on the North Gate side of the stadium near Main Street. It would be surrounded by a 50-by-50-foot fence that is 8-feet tall, and all utility work would be done underground.
Smith was given the go-ahead to negotiate the best deal possible with Wireless Properties before proceeding, and he expects the tower to be up and operational by the start of UTC’s 2015 football season.
For more information, read Wednesday's Times Free Press
David Paschall is a sports writer for the Times Free Press. He started at the Chattanooga Free Press in 1990 and was part of the Times Free Press when the paper started in 1999. David covers University of Georgia football, as well as SEC football recruiting, SEC basketball, Chattanooga Lookouts baseball and other sports stories. He is a Chattanooga native and graduate of the Baylor School and Auburn University. David has received numerous honors for ...