|The last couple of weeks, we've been
talking about the whole LCUB building a new office thing. The fact that
LCUB bought the Broadway property from the city for the new facility.
The city throws away a couple million dollars on the property then LCUB buys the property from the city for nine hundred something thousand dollars. Now LCUB isn't even going to use the property? Well, here's a kick in the shorts.
In a recent interview with the News Sentinel, when asked about the now vacant, abandoned property on Broadway, Lenoir City mayor, Tony Aikens stated, "The 2.7 acres on Broadway is valuable real estate that might be sold or traded to another business or even sold back to the city."
LCUB buys the property from the city. The city lost about a million three on the deal. Now LCUB is going to sell it back to the city? Same amount, less money, more money?
I'm going to go way out on a limb here and make a predication. I predict that if LCUB doesn't get a buyer real quickly, LCUB will sell it back to the city for some very nominal fee like a dollar. It will be for benevolent cause as a park for the little children or a walking trail or something like that. This then would allow the city to benefit to the tune of nearly a million dollars from the LCUB electric department.
I could be wrong. Time will tell.