Building new billboard off the freeway

[Jeff Stein]

I have the opportunity to get land just off of a busy interstate on a new commercial building I am working through purchasing. I think it would be a great location to have a freeway billboard put up to increase our income. Does anyone have experience with this sort of investment? The biggest potential issues are getting approval from the city, state and department of transportation. The cost of installation varies between $150,000-$200,000 and the rents would seem to be thousands per month.