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: ANDERSON, BRANDON MONTEZ  3216 GLEASON DRIVE CHATTANOOGA, 37412  Age at Arrest: 22 years old Arresting Agency: Hamilton County FINANCIAL RESPONSIBILITY FELONY EVADING ARREST DRIVING ON REVOKED, SUSPENDED OR CANCELLED LICENSE SPEEDING --- BELL, TYRELL LOVELL  2115 12TH ST CHATTANOOGA, ... (click for more)

Portion Of Roof Of Building Next To First Tennessee Pavilion Collapses

A portion of a roof on an old brick building next to the First Tennessee Pavilion by Finley Stadium collapsed on Friday. City public works employees were clearing the rubble and seeking to temporarily stabilize the building. Officials said steps would be taken to have it completely demolished. It was part of an old factory once at the site. The building is jointly owned ... (click for more)

White Coat Syndrome And The Medical System - And Response (2)

Today I wish to share what I am feeling as a patient in our medical system. I am too old to put on airs at this point, and this is too pervasive of a problem for me to contain.   As I enter my AARP years, I am faced with so many medical encounters that evoke all kinds of uncomfortable feelings. I dread physician’s appointments riddled with government regulatory hypocrisy, ... (click for more)

Roy Exum: The Readers Are Right

It is hardly a secret that since I have become intensely interested in public education in Chattanooga, I have tried to read, research and understand how our efforts have fallen horribly short in the last 15 years. We agree we have a crisis on many fronts and I hope it is equally obvious I am desperate for solutions. Much like school board member Karista Jones, I worry that we are ... (click for more)

Morgan, Smith, Parrott Pace Lady Pounders Past Bearettes 6-0

Maybe Central softball coach LeeAnne Shurette won’t nag her Lady Pounders so much in the coming days. Central collected eight hits, including two-run singles by Tatum Morgan and Janara Smith, on Friday to back Brooke Parrott’s three-hitter and the Lady Pounders defeated Bradley Central 6-0 in the East Hamilton tournament at The Summit. “Shurette has been nagging, maybe ... (click for more)

McCallie Earns 3-1 Soccer Win Over Rival Baylor

When his team needed him the most, McCallie senior Drew Viscomi did what he does best. Two minutes after the Blue Tornado allowed an equalizer to rival Baylor in the Division II Mid-East Region soccer match on the Red Raiders’ home field, Viscomi’s strike put his team back on top. Five minutes later, the All-American and school single-season scoring leader ... (click for more)