Chattanooga Housing Authority officials Tuesday approved spending $3.59 million for demolition and redevelopment of Fairmount Avenue Apartments in North Chattanooga.
“This is a yahoo moment,” CHA Executive Director Betsy McCright said Tuesday after the special board meeting. “Because of the hard work and dedication of many individuals, this project is finally coming to fruition.”
The housing authority board awarded the contract to Lee Adcock Construction Co. The contract is for $3.36 million with an additional $232,484 contingency amount to be managed by CHA staff.
The company is expected to start getting permits for demolition this month, with demolition expected to start in September.
Housing authority board Chairman Eddie Holmes said he hoped this day would come, but with the past controversy about the site and plans for redeveloping it, he sometimes was uncertain.