CHA Again Considering Offer Of Private Developer For Tubman Site

Monday, February 24, 2014

The Chattanooga Housing Authority is considering the offer of a private firm for the Harriet Tubman Apartments rather than a city of Chattanooga offer.

The initial agenda of the CHA for a meeting Tuesday called for the board to "consider authorizing the CHA staff to proceed with the sale/disposition of the Harriet Tubman Apartments (TN004000003) to Barbara Szymanska of Lakewood Development Fund 3 LLC at $3.3 million with $100,000 cash earnest money upon execution of contract."

The item was later pulled.

Officials said, "We realized after a late afternoon conversation with the broker that some contingencies of the offeror needed to be further addressed."

A $2.8 million offer from Lakewood was earlier accepted by CHA, but that deal fell through.

Mayor Andy Berke then sent an offer to the Chattanooga Housing Authority of $1 million, plus the Poss Homes site, for the Tubman property.

Mayor Berke said the plan would be to demolish the structures at the former CHA housing development and market the property for light industry.

The Poss Homes site includes 19.9 acres near I-24 and Howard School.

Mayor Berke said the total value of the city offer was $2.87 million.

The city made an earlier offer for the Tubman site, but CHA instead opted for the private developer.

CHA meets at 12:30 p.m., but the Tubman issue is no longer slated to be discussed.



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