Outside Firm Fails To Close Deal To Buy Tubman Property; Hakeem Says City Still Interested

Wednesday, January 15, 2014
CHA board
CHA board
- photo by Brent McDonald (See video On NewsChannel 9)

An outside firm that had made a proposal to buy the Harriet Tubman property failed to complete the deal by the deadline.

City Council Chairman Yusuf Hakeem told members of the Chattanooga Housing Authority Board that the city still is interested in the property.

CHA officials had recommended approving Lakewood Development's request to proceed with a "dry closing" on Wednesday (signing all documents), and allowing the firm to extend its payment of the entire $2,850,000 no later than Jan. 22.  Lakewood offered an additional $500,000 in earnest money as an inducement for acceptance of this modification.  If the firm failed to follow through with payment, then CHA would retain this additional $500,000 plus the initial $50,000 earnest money.

However, a roll call vote was taken and all CHA commissoners voted "No" on the extension.  That means Lakewood had until close of business today to wire CHA the full purchase price.  Otherwise, the firm will have violated the contract.  

Prior to the vote, Councilman Hakeem addressed the board stating that the mayor, City Council, and people of the community have a great interest in seeing the Tubman property put to the highest and best use, which is why they were at today's meeting.  

He said it looked like Lakewood was "pulling our chain" in asking for an additional extension when  they have had more than one opportunity to solidify this deal.  He asked that CHA give the city an opportunity to make a reasonable offer for the property.  He stated that he "was here today on behalf of the mayor, City Council, and city residents to ask that CHA not accept this offer and let us (city) work out an offer on the property."




Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ADAMS, BRAD DEWAYNE  2821 3RD AVE CHATTANOOGA, 37407  Age at Arrest: 37 years old Arresting Agency: Hamilton County Booked for Previous Charges or Other Reason(s) --- ADKINS, KENDRA R  132 PARKS DRIVE FORT OGLETHORPE, 30742  Age at Arrest: 19 years old Arresting Agency: Red Bank ... (click for more)

Signal Mountain To Hold Public Meetings On Idea Of Setting Up Own School System

Discussion about follow-up public meetings regarding the Signal Mountain School System Viability Committee (SMSSVC) report dominated the council’s work session on Friday afternoon.    Mayor Chris Howley said that the town owes it to those in the middle to allow them to be engaged in the process. Vice Mayor Dick Gee said that the logical progression will be to ... (click for more)

October Is Breast Cancer Awareness Month: Myth And Fact Check

My husband and I recently had the privilege of participating in the American Cancer Society’s Making Strides Against Breast Cancer Walk in Chattanooga. I listened as my husband told the audience about how his mother was diagnosed with breast cancer when he was nine and how she died from the disease when he was fourteen. As a child, my husband didn’t understand what breast cancer ... (click for more)

Roy Exum: It’s All About People

The leaders of Hamilton County’s Mental Health Court held a heart-warming open house Friday afternoon and it was announced that just since February, the creation has saved the county over $3 million in incarceration costs. But to hear County Mayor Jim Coppinger or Judge Don Poole tell it, that’s not what is important. “Soon after the court started, a kind, quiet man I’ll ... (click for more)

Mocs Mueller Nets Game Winner In 1-0 Soccer Win

Jordan Mueller picked up her own pass and pushed a shot into an empty net to give Chattanooga 1-0 Southern Conference women’s soccer win over Wofford on Senior Day at Finley Stadium on a cloudy Sunday afternoon.   “Pure grit by Jordan Mueller,” Chattanooga head coach Gavin McKinney said. “She is a gritty, tough, hardworking kid and it showed for the goal. She went and pressed ... (click for more)

Top-Ranked Alabama Smashes Tennessee 45-7

(This story has been updated) Tennessee, a 34-point underdog in one of college football’s better long-running series, stayed close for one quarter before top-ranked Alabama switched to another gear and pummeled the struggling Vols, 45-7, Saturday at Bryant-Denny Stadium in Tuscaloosa. The rock-ribbed Crimson Tide defense locked down Tennessee’s ground game, hounded quarterback ... (click for more)