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Cellphone lease agreement could mean millions of dollars revenue for Spring Valley

Posted by wlpo on October 27, 2015

For Spring Valley’s sake, hopefully Verizon Wireless is a successful business for years to come.

According to the NewsTribune, the phone company has agreed to extend its lease with Spring Valley for another 30 years once the current tower lease ends in 2032. It’s estimated that Verizon will play Spring Valley over $2 million in rent by time the contract is up.

Verizon’s tower is on the west end of the city in the industrial park.

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