Plainview Outdoor Advertising will use a portion of revenue share to replace a percentage of existing shelters each year and provide weekly maintenance and digital advertising.
As of January 1, 2022, this means that the ad revenue share will be:
Contract years 1 to 5 / minimum guarantee $ 67,200 Contract years 6 to 10 / minimum guarantee $ 70,560 Contract years 11 to 15 / minimum guarantee $ 74,088 Option years 1 to 5 / minimum guarantee $ 77,792
Plainview will be responsible for weekly garbage pickup, quarterly pressure washing, general maintenance of the shelters and surrounding area, and repair and maintenance of all of its digital devices.
In addition, Plainview will help Smyrna install new shelters at a rate of at least five per year until all bus shelters in Smyrna have been replaced, the design to be chosen by city officials.
After the initial five-year period, payments from Plainview to Smyrna will automatically increase by 5% for each additional five-year period.
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