$500,000 Purchase Price Set On One Stretch Of New Riverwalk To St. Elmo; Another Part Gained For $1 A Year

Wednesday, August 7, 2013

Planners working to extend the popular Tennessee Riverwalk from Ross's Landing Park to St. Elmo are having to spend $500,000 to acquire another tract.

Another property came available on a 50-year lease at a dollar per year.

The Trust for Public Land is paying $500,000 for 3.23 acres from Stainless River LTD.

A $500,000 grant is being secured from the Tennessee Department of Environment and Conservation.

Newton Chevrolet, owned by Grant Law, is allowing access across a tract it owns for the nominal amount under the lengthy lease.


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