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Metropolitan Nashville Airport Authority Joint Meeting Agenda Packet May 2026

Verizon DAS License Agreement Spans 20 Years

$186,579 annually in Year 1 (approximately $15,548.25 per month), plus $750,000 capital contributionMetropolitan Nashville Airport AuthorityVERIZONMay 19, 2026

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Description

The Board is requested to execute a 20-year DAS license with Verizon calling for a $186,579 Year 1 payment with annual escalations and a $750,000 capital contribution supporting past and future DAS projects. The deal secures Verizon’s participation on the airport’s neutral-host wireless platform through 2046.

Contract Details

Contract Amount

$186,579 annually in Year 1 (approximately $15,548.25 per month), plus $750,000 capital contribution

Vendor

VERIZON

Agency

Metropolitan Nashville Airport Authority, TN

Contract Type

LICENSE

Document Date

May 19, 2026

Contract Term

July 1, 2026 – June 30, 2046 (initial 10 years plus two automatic 5-year renewals, unless carrier opts out)

Renewal Date

2046-06-30

Renewal Info

Agreement runs 10 years initially with two automatic 5-year renewals unless Verizon opts out; includes 3% annual fee escalations and capped upgrade charges.

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