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: ARMSTRONG, JAMES ANTHONY  2701 TYNER RD CHATTANOOGA, 37363  Age at Arrest: 43 years old Arresting Agency: Chattanooga VIOLATION OF PROBATION(DRIVING ON REVOKED) VIOLATION OF PROBATION(DUI) --- AUSTIN, ASHLEY MESHELLE  2301 EAST 18TH STREET CHATTANOOGA, 37404  Age at Arrest: 24 years ... (click for more)

Police Stop Vehicles On Ringgold Road At The State Line For Driver's License Check

Officers manning some 20 assorted Georgia police cars staged a 100 percent stop for driver's license checks on Monday night in East Ridge. The location was on Ringgold Road at the Georgia state line. (click for more)

Proud To Be A Conservative Conservationist

I was born and raised in Chattanooga and was brought up to be a Tennessee conservative. That means that my family conserved our spending, our resources, and yes, even our environment.  I think we were inspired to do so because Tennessee is one of the most beautiful places in the entire United States. We have stunning mountains, wild rivers and quiet backcountry. And many of ... (click for more)

Roy Exum: Why I Adore America

If Heather Cross weren’t married and didn’t have such a fine-looking family I’d swear I might propose. The dazzling lady just wrote a “By Gumbo! letter” to all the major news outlets in the world to inform them that half of the Pelican State is still submerged by “a 1,000-year flood” and where the heck are they with their cameras? She knows it is vital for the rest of America to ... (click for more)

Potent Baylor Continues Unbeaten Volleyball Onslaught

Another one bites the dust. Baylor’s Lady Red Raiders knocked off visiting East Hamilton, 3-0, on Monday and extended their season-opening winning streak to 15 consecutive matches. Coach Sarah Lail’s squad blistered the Lady Hurricanes by set scores of 25-10, 25-8, 25-14. “It’s definitely a great feeling,” Lail said of the impressive winning streak. “The girls have ... (click for more)

Vols' Jones: Good Game Habits Start In Practice

KNOXVILLE, Tenn. –  Ninth-ranked Tennessee's season opener against Appalachian State is just three days away. Coach and assistant coaches Mike DeBord, Bob Shoop, Larry Scott and Steve Stripling provided a Mon day   update. The coaches shared how the team has prepared this week for its first true game action since the Outback Bowl in January. Butch ... (click for more)