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 - And Mug Shots

Here is the latest jail booking report from Hamilton County: AUSTIN, CHRISTIAN JAMES     727 E 11TH STREET CHATTANOOGA, 37402     26     Chattanooga          PUBLIC INTOXICATION BALL, CHRISTINA JEAN     1267 LEESIDE LANE HIXSON, 37343     29     Hamilton ... (click for more)

Bus Driver Will Not Face Charges In Tragic Bus Accident

Sergeant Tommy Sturdivan announced in a Friday afternoon press conference that the investigation into the death of six-year-old Zackery Bryant at Chattanooga Valley Elementary has been officially declared complete and that there will be no criminal charges. Zackery died tragically on Monday morning after being hit by a school bus after stepping off. According to Sgt. Sturdivan, ... (click for more)

When The City Was Silent

I don't know how to say this without getting my head handed back to me on a platter as is often the usual case. But at least I no longer receive the hateful (even threatening) emails and insults I became accustomed to. So I'll just bite and say it: I honestly don't see anything expressed by the NSM that hasn't been said locally on some level at one time or another, and ... (click for more)

Roy Exum: A Nudge By Angel Kilbride

Way above us, high in the heavens, a handsome angel everybody calls Ben yelled to Saint Peter on Thursday and told him, “Better send me a couple of rubies and maybe an amethyst … Dad’s crown just got bigger.” To you such a scenario may sound silly and foolish but Bill Kilbride, a dynamic genius who has just been named as president-elect of Chattanooga’s Chamber of Commerce, knows ... (click for more)

Owls Beat Pounders, 10-4, In Tuneup For District Home Stretch

(Story will be updated) Ooltewah and Central used their diamond matchup in the Trojan Classic on Saturday as a tuneups for critical district home-and-home series on Monday and Tuesday. The Owls left Central High’s baseball field in a slightly better mindset than the Pounders. Ooltewah got a complete game from sophomore C.J. Harden and a 12-hit attack to back up the little ... (click for more)

Bowling Green Tops Rail Runners, 122-109

Justin Taylor scored 20 points and DeAntra Scott added 19 points and six rebounds as the Bowling Green Hornets defeated visiting Chattanooga Rail Runners, 122-109, Friday night in a Central Basketball Association game. Jonathan Adams led the Rail Runners with 21 points, 15 rebounds and six assists, while Rob Murphy and Quincy Scates scored 17 points each. E'Jay Ward had eight ... (click for more)