September 10th, 2012

Billboards offer could earn Portage schools $1.7 million over 20 years

By MLive
MLive

Portage Public Schools has an offer from Adams Outdoor Advertising to build five billboards on school properties that could earn the district $1.7 million.

Under the proposal that will be discussed by the Portage school board at its work session Monday night, Adams and the school district would enter into a 20-year agreement for the billboards, paying $75,000 a year with a 10 percent inflationary increase every five years.

In return, Adams would build two billboards along I-94 at Portage Northern High School, one billboard along I-94 at Angling Road Elementary School, one along U.S. 131 at 12th Street Elementary School and one on Shaver Road at Central Elementary School.

Read more: http://www.mlive.com/news/kalamazoo/index.ssf/2012/09/billboards_offer_could_earn_po.html

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