Carteret, NJ – Mayor Reiman and the Carteret Borough Council have announced that the Borough has awarded a lease for the construction, operation, and maintenance of a new cell phone tower in Carteret. The project will make use of 1,200 sq. ft. (30’x40’) of unused property at the Borough’s Public Works facility, 339 Roosevelt Avenue, by providing a 5-year lease to the awarded entity.
The 150 ft. monopole, to be located in the heavy industrial zone, will provide the Borough with a new revenue stream, according to Reiman. Verizon Wireless and Metro-PCS will jointly construct and operate the cell tower. Reiman’s administration expects to generate at least $30,000 from each annually, for a total of $6,000 or more per month of added revenue. There is the potential for additional income from future co-locators onto the tower.
Through the pending contract award, the Borough will reserve the right to install its own cellular antennas on the tower.
“This will be another win-win partnership for the Borough,” Mayor Reiman said, “where the private sector will benefit from the expansion of its resources, and the Borough will have established a new source of revenue that will further our efforts towards the greater improvement of our community. Upon the completion of construction of this 150’ monotower by Verizon and Metro-PCS, they will turn ownership over to the Borough. They will provide maintenance but the Borough will continue to collect co-location fees amounting to approximately $72,000 a year.”