Matt Collins
06-21-2008, 11:46 AM
The city of Nashville has begun legal proceedings to seize the property of a Music Row landowner who has refused to sell to a Houston developer, setting up a fight that has already prompted the involvement of a national advocacy group.
The Metropolitan Development and Housing Agency filed papers in a Nashville court Friday to start a process that would take the offices of Country International Records at 23 Music Circle East.
The dispute centers on the last remaining property standing on a three-acre wedge of land between Demonbreun and Division streets at the Music Row Roundabout.
A Houston-based firm, Lionstone Group, has proposed building a $100 million development on the property that would feature a hotel, an office building, stores and condominiums. MDHA says the project is a critical component of the redevelopment strategy for the area.
Ford has refused numerous offers to sell her property, which has housed the record label and music publishing business that she co-founded with her husband, Sherman Ford, since the early 1980s. Sherman Ford died in 1999.
"This is private property," she said. "It's very painful to know that they're trying to do this in America. There's nothing we can do but fight."
http://cmsimg.tennessean.com/apps/pbcsi.dll/bilde?Site=DN&Date=20080621&Category=BUSINESS02&ArtNo=806210362&Ref=AR&MaxW=318&Border=0
Country International Records, at 23 Music Circle East, is the last remaining property standing in the way of a proposed $100 million development between Demonbreun and Division streets.
Source:
http://www.tennessean.com/apps/pbcs.dll/article?AID=/20080621/BUSINESS02/806210362
The Metropolitan Development and Housing Agency filed papers in a Nashville court Friday to start a process that would take the offices of Country International Records at 23 Music Circle East.
The dispute centers on the last remaining property standing on a three-acre wedge of land between Demonbreun and Division streets at the Music Row Roundabout.
A Houston-based firm, Lionstone Group, has proposed building a $100 million development on the property that would feature a hotel, an office building, stores and condominiums. MDHA says the project is a critical component of the redevelopment strategy for the area.
Ford has refused numerous offers to sell her property, which has housed the record label and music publishing business that she co-founded with her husband, Sherman Ford, since the early 1980s. Sherman Ford died in 1999.
"This is private property," she said. "It's very painful to know that they're trying to do this in America. There's nothing we can do but fight."
http://cmsimg.tennessean.com/apps/pbcsi.dll/bilde?Site=DN&Date=20080621&Category=BUSINESS02&ArtNo=806210362&Ref=AR&MaxW=318&Border=0
Country International Records, at 23 Music Circle East, is the last remaining property standing in the way of a proposed $100 million development between Demonbreun and Division streets.
Source:
http://www.tennessean.com/apps/pbcs.dll/article?AID=/20080621/BUSINESS02/806210362