An attorney said today there's already interest from potential buyers in a high-profile tract of downtown waterfront property held by Chattanooga businessman Allen Casey that's on the market for $11.2 million.
David Fulton, an attorney for Casey, said there's not yet an offer on the 6.6-acre parcel located on the Tennessee River across from Ross's Landing, but a real estate broker expects one. The parcel makes up a little more than half of vacant Manufacturers Road site that Casey had hoped to develop.
Another lawyer, Gary Patrick, said at a U.S. Bankruptcy Court hearing for Casey company River City Resort that the right sale price can alleviate a lot of issues in cases related to Casey and his company.
"This is a substantial and valuable piece of property in downtown Chattanooga," said Patrick about the land where a controversial run-down barge is moored.
The bankruptcy court set a later hearing to finalize the real estate broker for the property.
On Monday, the U.S. Army Corps of Engineers mandated that the barge at the site be moved away.