Metro must still acquire land to begin work on KVB extension

Monday, March 7, 2011 at 10:05pm

Three downtown property owners who occupy land needed for the extension of Korean Veterans Boulevard, the future southern border of Nashville’s new Music City Center, haven’t accepted financial offers for their land.

“We’re extremely dissatisfied with the offer,” said Eddie Grant, president of Tennessee Electric Motors Co., which operates at Sixth Avenue and Franklin Street, in the path of the future street extension.

“You can’t do anything about them taking it,” he added. “They’re going to take it anyway. But it’s just going through the judicial or legal system, however you want to put it.”

The long-discussed extension, which would effectively create a new street from Fourth Avenue South to a planned roundabout at Eighth Avenue South, recently entered a right-of-way acquisition phase. The street project is envisioned as a complement to Music City Center, slated to open in February 2013.

Mark Macy, assistant director of the Metro Public Works Department, which has been working with the Tennessee Department of Transportation during the land acquisition process, said seven of 10 property owners of land within the site of the extension have accepted offers to relocate. He said financial offers are based on federal acquisition regulations, which he described as a “fair” set of guidelines that considers a property’s market value and cost to relocate, among other things.

“We have 10 relocations that are scheduled,” Macy said. “Seven of the 10 have already agreed to take payments or take a buyout.”

For confidentiality purposes during ongoing negotiations, Macy said he could not say the dollar figures offered to property owners or which three property owners still haven’t accepted. 

The City Paper contacted Grant, whose family has owned the Sixth Avenue land since 1955. He confirmed he has received an offer but doesn’t plan to accept it. Grant declined to reveal the sum of the offer.

Asked if he’s prepared to engage in an eminent domain battle over the property, Grant said he is.  

Macy said offers still haven’t been made to two other owners of land that falls within the future KVB extension: Omni Hotels, the company behind an anchor hotel for the new convention center, and Tower Investments, a development company that has been involved in an lawsuit against Metro over the value of land that the city condemned to build Music City Center.

Eighty percent of the extension project’s total estimated $44 million cost is to come from federal dollars, with Metro covering the rest of the load.

Construction on the extension won’t begin until properties are secured, which Metro officials hope to complete by the end of this year. Project leaders hope to finalize construction of the street project near the opening of Music City Center in early 2013. 

10 Comments on this post:

By: FANOF711 on 3/8/11 at 7:48

this is more of KARL DEAN getting what he wants , how many more people is he going to put out of bussiness and destroy for his pet $ 500,000.00 project
hes an idiot and a dangerous one
please some one run against this power money hungry idiot
why cant we find a poor honest man to put in that will work for the people imstead of these million aires that are bored and want to mess with our system and play with peoples lives

By: nashtnman on 3/8/11 at 9:03

"why can’t we find a poor honest man to put in that will work for the people instead of these millionaires that are bored and want to mess with our system and play with people’s lives"

Because no poor honest man can afford to run for mayor, the bias media will not assist with free air time and it is too expensive for us to run. The system is broken and the crooked control the media. There has not been an honest report from either news print or TV in years.

I agree about Dean, he is crooked, dishonest SOB that bullies small businesses and lines the pockets of his friends.

By: NewYorker1 on 3/8/11 at 9:15

Why are these idiots trying to fight a legal battle they WILL NOT WIN. Take the offer and move on. The stress and legal fees aren't worth it. They will end up with nothing in the end. The lawyers will be the only winners. Take the offer and move on honey. You're not going to win.

By: FANOF711 on 3/8/11 at 9:32

well lets say we give you about 50% of your home or bussiness value and tell you to move !
would you take the money and move on HONEY ? , the real idiots are KARL DEAN and the people like you saying its ok for him to do as he has to nashville.
but you both are not from here so you dont understand a little thing called loyalty to nashville and our people

By: airvols on 3/8/11 at 9:40

Most of the time it is private owners trying to increase the value of their land to make a killing on the government, my money. In the majority of the cases it's better to take the offer and avoid the legal fees. I'm sure their attorney gave them that advise, lol. Metro need to make sure this gateway is landscaped and maintained at all times. It's usually not in great condition in the summer and this will be the first impression of visiting guest to the convention center. Spend the money to make and impression.

By: NewYorker1 on 3/8/11 at 9:46

airvols, exactly. They are only trying to squeeze more money out of the deal. They are being offered fair market value plus money to relocate. As I said, the only winner will be the lawyers.

By: pswindle on 3/8/11 at 4:39

Did you read where the city of Nashville gives the Chamber hundreds of thousands of dollars.? They were behind the demise of the fairgrounds. They thought that they could get this done before the public caught on. Remember when Sonny West let the builders tear down "Evergreen House" to build a Home Depot. Same method, but hopefuuly not the same result. Dean is in the pocket of the Chamber.
We are in big trouble, just look what the US Chamber has done to our country. They have sold us out to the biggest bidder.

By: Radix on 3/9/11 at 8:48

I think these holdouts are suspect as well. Not sure they are realistic about what their property is worth. I talked to one organization that was displaced, and they said they were well taken care of when they were compensated for their building and their move.

By: nvestnbna on 3/9/11 at 12:56

I think the City Paper has provided incorrect information on how many property owners have agreed to the offers. In fact of the 17 or so, I'm not aware of a single one that's accepted their(TDOT's) offer.

By: nvestnbna on 3/9/11 at 1:06

In addition, to portray these "alleged" holdouts as greedy individuals is a disservice to your reader and to them. This sounds like a press release directly from the MCC committee aimed at once again spreading mis-information. Here's a question that should be asked. Why do they value property directly across the street from Tennessee Electric Motor(for example) at three times what they've offered T.E.M? This article, sadly, was poorly researched and provides misleading and slanted information.