published Wednesday, February 3rd, 2010

Commission approves sale of SMMS property

by Matt Wilson

After months of debate and a lawsuit, Hamilton County Commissioners this morning unanimously approved the sale of the old Signal Mountain Middle School property.

The buyer, Tom Poteet, is planning to make the property into a community athletic center. He sued the county in October because of a decision on the commission’s part to include restrictions on the property in the deed.

Mr. Poteet has agreed to withdraw his suit after working out a compromise with Commissioner Richard Casavant, who represent Signal Mountain. Under the compromise, the restrictions would come out of the deed after five years, Mr. Poteet’s death or upon rezoning the property back to residential, whichever comes first.

Mr. Poteet offered $800,000 and two tracts of land near Soddy-Daisy High School for the property.

For full details, see tomorrow’s Chattanooga Times Free Press.

Comments do not represent the opinions of the Chattanooga Times Free Press, nor does it review every comment. Profanities, slurs and libelous remarks are prohibited. For more information you can view our Terms & Conditions and/or Ethics policy.
eurekbennison said...

Sales commission is the best part of real estate and investing. Imagine how much you will earn if you're about to sell tons of units. I have this conversation with my friend from and they told me the great benefits of having your full commission. Anyway, this is very great article and worth reading one from Chattanooga.

November 9, 2014 at 11:54 p.m.
please login to post a comment

videos »         

photos »         

e-edition »


Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.