Still, that land up there is in a hotbed of construction. Looks like it's value will eventually call for a relocation of XL's sticks.
But where would they go where land would be cheaper?
Where are you going to find another plot of land at any price where you will not be facing a bunch of angry owners yelling at a zoning meeting: "Not In My Back Yard!"
What would it cost to move? If they currently have audio lines in place to deliver programming to the towers, will they be able to get lines to a new location? The phone company does not appear to be very user-friendly in setting up new program circuits. (Sorry, I haven't been in Indy and driven past their site in several years. Maybe they have studios at the transmitter site today and audio lines are not a problem.)
If and when they decide someday to reduce power and go to ONE STICK, there is more than the power bill. A directional array takes additional man-power to maintain and monitor. Painting three towers costs a lot more than painting one tower. Replacing "johnny-balls" and maintaining the guys wires costs a lot more than maintaining one tower.
There was a time in small market radio when moving a simple radio station was not as complicated and expensive as today. More and more AM stations are likely to go silent year after year because they are not worth the cost of moving them.... or worth the cost of the zoning battle.
I've sat at the console of a few stations in "god-awful" locations. In this day and age when there is often only one person in the building at any one time, and a larger percentage of broadcast people or female, I would think the day and age of putting a radio station on cheap land which means some isolated back-road or street, may be over. Would you want your wife or daughter working at some dark, isolated cheap location?