Metro’s housing authority is the new owner of the one of the city’s best-known strip clubs.
The Metropolitan Housing and Development Agency has been granted possession of Christie’s Cabaret at the corner of 7th Avenue and Demonbreun, paying the owners — Nashville Downtown Platinum — nearly $1.8 million.
MDHA has just one condemnation suit pending in its efforts to acquire all the SoBro property within the footprint of the Music City Center. The hearing for that last piece of property — currently the site of the Musicians’ Hall of Fame — is set for Feb. 12.
Friday, Circuit Court Judge Barbara Haynes ordered the disbursement of $14.8 million for MDHA’s taking of the largest piece of property in the convention center footprint — 5.66 acres owned by Tower Investments just south of the Sommet Center.
Tower’s attorney, Joe Conner, said the real-estate investment company must pay $3.2 million to SunTrust Bank and $10.8 million to Arena Properties on the land. A third lien holder, PremierWest, is owed more than $12 million on a mortgage Tower took against its property in late 2009.
The final valuation of all the condemned convention center land will be determined in as-yet-unscheduled jury trials.
Construction on the Music City Center will begin Monday.