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Tower collapse

The site of a communications tower that collapsed on Oct. 20 at 4100 Industrial Avenue  has a new local owner that is considering whether to build another tower.

The site where a communications tower collapsed last year has a new, local owner that is considering resurrecting the structure.

The owners of Speedway Properties bought the site at 4100 Industrial Ave. last month for almost $1.1 million, according to county real estate records.

Speedway Chief Financial Officer Mike Tavlin said in an email that because of interest from companies it is “assessing the financial feasibility” of building a new tower.

“Multiple parties have reached out to us ... and have expressed an interest in leasing space on the tower, which is encouraging to us and which will be helpful to our financial analysis,” Tavlin said in the email.

He said Speedway does not have a timetable for making a decision on whether to build a new tower.

The 500-foot-tall tower collapsed in October 2017, knocking out TV, internet and phone service to an undetermined number of people.

It's not clear what caused the tower to collapse. Tavlin said Speedway had no firsthand knowledge of what caused the collapse, and officials from the city Building and Safety Department said it was not asked or required to do an investigation.

The Federal Communications Commission does have a registry for antenna structures, but the online registry listing for the tower at 4100 Industrial Ave. was last updated in 2004. Officials from the FCC could not be reached for comment.

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Reach the writer at 402-473-2647 or molberding@journalstar.com.

On Twitter @LincolnBizBuzz.

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Business editor/reporter

Matt Olberding is a Lincoln native and University of Nebraska-Lincoln graduate who has been covering business for the Journal Star since 2005.

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