Jonkatz,
What are your objectives for condenser water control? If you intend to keep a constant setpoint year-round, and don’t mind a fairly wide temperature swing (to avoid short-cycling the motor under certain conditions), then on/off control of the motor is the cheapest, simplest option. The same is true if your chiller will not run during the colder months.
If your chilled water system operates year-round and you want to minimize energy consumption of the entire system, then you need to investigate variable condenser water setpoint control (AKA condenser water reset). The basic premise is that the kw/ton on the chiller drops as you lower the condenser water temperature; in low wet bulb weather, when you can achieve low condenser water temps "cheaply" (ie, with very low air flow), you can achieve significant energy savings by dropping the setpoint. In other words, the additional fan energy consumed when the setpoint is lowered from 80F to 65F in the winter is usually very small compared to the energy saved in the chiller. You’ll have to check out the energy consumption profile of your chiller at different condenser water temperatures to see if condenser water reset control would be a good choice. If it is, then this can be accomplished with multi-speed tower fans, discharge dampers, or VFD fan control. VFDs will do the job best; as far as which scheme is most cost effective, you will need to look at the details of your particular application.
Other than for condenser water reset, a VFD for your tower fan would probably not be justified.
Hope this helps!
---KenRad