Developers Sought For Former Coats American Property In Walker County

Friday, January 19, 2018

The Walker County Development Authority (WCDA) moved forward with plans this week to put the former Coats American property in Rossville on the market. The WCDA issued a Request for Proposals (RFP) from area business leaders and others to purchase the eight acre site.

In addition to submitting a monetary offer, potential buyers should describe their plans for the property, including anticipated job creation and how the 300,000 square foot building on the grounds would be revitalized. A document verifying a potential buyer's financial ability to purchase and develop the property should also be included.

The Coats American site is adjacent to the former Peerless Mill, which was recently purchased for redevelopment. It is located two miles from Interstate 24, eight miles from the Chattanooga Airport and within 30 miles of over 600,000 people. The property at 122 Maple Street features up to 10 gigabit per second fiber optic Internet access, sewer and parking. The current building configuration includes three phase power, varied ceiling heights and multiple loading docks.

The WCDA chose to issue the RFP after being contacted by several potential developers. Robert Wardlaw, WCDA Chair, expressed an interest in making a final decision to sell based on what makes sense for the city of Rossville's future.

RFP documentation must be submitted to the WCDA by Feb. 28, and will be reviewed at the Authority's March 13 meeting. Submission guidelines are available on the WCDA and Walker County Government websites, or by contacting Larry Brooks, WCDA executive director, at (423) 240-1378 or l.brooks@walkerga.us



Middle Valley Neighborhood Walmart Sold For $11.5 Million

The Middle Valley Neighborhood Walmart has sold for $11,495,964. The sale was to Mdc Coast 7 Llc from Polestar. The Neighborhood Walmart was narrowly approved for rezoning by the County Commission in early 2015. It is located at 7363 Middle Valley Road.   (click for more)

Real Estate Transfers For Feb. 8-14

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

1 Dead, Another Injured In Shooting On Carousel Road

One man was shot and killed and another man injured in a shooting on Carousel Road lateTuesday afternoon. The incident happened around 5:25 p.m. One man was dead at the scene, and the other was taken to a hospital. Carousal Road is off Greenwood Road in a neighborhood behind Taylor Funeral Home on Wilcox Boulevard. (click for more)

City Council Approves TIF For Extension Of MLK Boulevard To The Riverwalk

The City Council voted Tuesday to approve Tax Increment Financing (TIF) to extend MLK Boulevard across Riverfront Parkway to the Blue Goose Hollow Trailhead at the Riverwalk. The agreement is with Evergreen Real Estate of Nashville to build the extension across property it has already begun to develop at the site across from the old Newton Chevrolet and Kelly Subaru. The developer ... (click for more)

MLK Boulevard TIF Is A Public Scam From People You Should be Able To Trust

TIFs (Tax Incremental Financing) were created to allow cities to do projects they cannot afford.  A TIF project also allows various private construction costs to be subsidized by sequestered  future  property taxes that normally would go into the general fund for running a city. It’s credit card spending with a new fancy name. Politicians love it because it sounds ... (click for more)

Roy Exum: One Principal’s Reaction

On the morning after the mass shooting in Florida last week, a 17-year-old at Ledyard High School in Connecticut made an offhand comment during his first period class, “I could buy an AR-15.” At that, all the teachers panicked. Really. The school was soon so rattled by the comment the principal called the cops. And those five words got the child shackled, taken into custody, and ... (click for more)