Tower Wins Domain Dispute with MDHA - Articles

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Posted by: Brittany Sims on Oct 17, 2013

After a bitterly contentious four-year legal dispute about the fair value of land Metro Nashville took to build the new convention center, the Tennessee Supreme Court denied the Metro Development and Housing Agency’s (MDHA) request to appeal, giving a decisive victory to development firm Tower Investments. According to the Tennessean, Metro used eminent domain to take land south of Broadway it needed to build Music City Center, and then paid owners what it contended was fair market value for the property. A Nashville jury decided in 2011 that Tower’s 5.66-acre tract was worth $30.4 million, more than double the $14.8 million the city paid during the condemnation proceedings.