Four New Transit Shelters for the City
April 28, 2015
The City entered into a new 15 year agreement with Pattison Outdoor Advertising. Pattison will supply, install and maintain the 12 existing transit shelters and install four new transit shelters.
The four new shelters are expected by October 2015. The locations are yet to be determined. This opportunity also brings the City annual revenue that varies throughout the term of the contract:
- Years 1 - 5: $400 / month or 10% of net annual advertising revenue whichever is greater;
- Years 6 – 10: $458 / month or 20% of net advertising revenue, whichever is greater; and
- Years 11 – 15: $583 / month or 25% of net advertising revenue, whichever is greater.