Park District Negotiates New SBA Cell Tower Lease
Downers Grove Park DistrictSpecial District · Downers Grove, IL- Disclosed value
- Approximately $3,000 per month in rent; new 25-year lease with 20% rent increase, 4% annual escalator, and one-time signing bonus
- From report
- Document date
- Jul 1, 2025
The 30-second brief
Downers Grove Park District staff have negotiated a new 25-year ground lease with SBA Communications for the Gilbert Park cell tower site, featuring a 20% rent increase, a one-time signing bonus, and a 4% annual rent escalator. The agreement will replace the existing 30-year lease expiring in 2027 and is slated for Board approval on July 17, 2025.
Sba Communications holds this financial services contract with Downers Grove Park District. Its other public contracts on record include work for Village of Deposit and City of Lewiston.
Term as filed: 25-year lease agreement beginning upon execution; current 30-year lease expires in 2027.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $3,000 per month in rent; new 25-year lease with 20% rent increase, 4% annual escalator, and one-time signing bonus
- Document date
- July 1, 2025
- Term
- 25-year lease agreement beginning upon execution; current 30-year lease expires in 2027
- Vendor
- Sba Communications
- Source document
- Downers Grove Park District Deputy Director Report July 2025 (Report)
Sba Communications's other public contracts
More Downers Grove Park District contracts
Questions about this contract
Who was awarded the financial services contract by Downers Grove Park District?
Sba Communications was awarded this financial services contract by Downers Grove Park District, as recorded on July 1, 2025. The contract value is Approximately $3,000 per month in rent; new 25-year lease with 20% rent increase, 4% annual escalator, and one-time signing bonus.
How much is the Sba Communications contract with Downers Grove Park District worth?
The Sba Communications contract with Downers Grove Park District is valued at Approximately $3,000 per month in rent; new 25-year lease with 20% rent increase, 4% annual escalator, and one-time signing bonus, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in Downers Grove Park District Deputy Director Report July 2025 (Report), dated July 1, 2025 from Downers Grove Park District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sba Communications hold?
Sba Communications may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Downers Grove Park District currently buying?
Explore Downers Grove Park District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.