Gary Hess, co-founder of American Tower Corporation and current Director of Vertical Real Estate at Clear Channel, took the time to talk to us about where he sees the tall tower industry going. There is always the question of whether or not towers will be replaced by a smaller technology. “When American Tower was being put together. Steve Dodge and I would meet with the lenders and the questions were always so predictable. ‘Are satellites going to put towers out of business?’ ‘Why do we need towers in the future, because isn’t everything going to be running off of satellites?’” Gary explained. “I’m starting to sense that the real tall tower days are behind us. I’ve witnessed this because the big manufacturing companies have folded their tents.”
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