With the Tacoma City Council backtracking on its legal settlement with Clear Channel Outdoor, the company said it has signed the agreement and officially put it into effect.
The council unanimously approved the settlement that allows Clear Channel to erect digital billboards in exchange for taking down traditional signs. After public complaints, the council backed off. It’s now considering an explicit ban on digital billboards and ordering Clear Channel to take down its traditional signs that violate city laws, as part of a revamp of the sign code.
The settlement says in the event of such a removal order, “the city will compensate Clear Channel for the fair market value of those interests.”
Clear Channel spokesman Tim Thompson said by signing the agreement this week, the company reaffirms its support for the settlement and reminds the city about that requirement for “compensation.”
“The steps the City Council was taking were obviously contradictory to the agreement,” Thompson said.
The company has threatened to sue if the agreement is violated. Thompson declined to talk about future lawsuits; the company remains open to negotiation, he said.
Here’s Clear Channel’s news release and the agreement:
CLEAR CHANNEL REAFFIRMS ITS COMITTMENT TO TACOMA SETTLEMENT AGREEMENT Read more »