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."




Erlanger Officials Report 1 LIFE FORCE Flight, 3 Motor Vehicle Accident Patients, And 7 Babies Born During Eclipse Event

Between the hours of  1 p.m. and 4 p.m. , LIFE FORCE conducted one flight at  2:28 p.m. There were no changes to the flight operations of that transport during the eclipse.  Currently there have only been three patients who presented to Erlanger Health System emergency departments due to motor vehicle accidents from trying to view the eclipse while driving.  ... (click for more)

PHOTOS: Solar Eclipse Over Tennessee

The solar eclipse of 2017 brought crowds to Tennessee  (click for more)

Tom Decosimo: My Great-Great-Grandparents Are Buried At The Confederate Cemetery - And Response

To Mayor Berke, I cannot add any more to the very fine comments made in opposition to your empty jester to remove the city as a trustee of the Confederate Cemetery. I can, however, add some personal perspective as my great-great-grandparents are buried there. Penelope McDermott Cooke was a Daughter of the Confederacy and was concerned the remains of the Confederates who ... (click for more)

Roy Exum: The New Mean

Until last Monday I believed nobody could ever hurt my feelings again. In the half-century I have been a writer I’ve had hundreds of people take swipes at me, been called more names, and received more hate mail than you can imagine. I also know the only way anyone can hurt you is for you to allow it and, brother, it is nigh impossible to get inside me. My defense mechanism is because ... (click for more)

UTC Soccer Battles Eastern Kentucky To 0-0 Tie

The UTC women’s soccer team battled to a 0-0 tie against Eastern Kentucky Sunday afternoon at Finley Stadium in non-conference action.   The Mocs remain unbeaten at 1-0-1 while Eastern Kentucky moves to 0-1-1 on the year.   “There’s a reason why they were co-regular season champions in the Ohio Valley Conference last year and made a run to the conference tournament ... (click for more)

Blue-Gold Scrimmage Is Prelude To UTC Volleyball Regular Schedule

The Chattanooga Mocs volleyball program concluded their preseason schedule with the annual Blue and Gold intra-squad scrimmage  on Saturday  afternoon in Maclellan Gymnasium. The three-set scrimmage featured the Mocs roster mixing up lineups on both the Blue and Gold teams. Blue jerseys came out victorious after earning a 2-1 (25-23, 27-25, 15-25) win over the ... (click for more)