The city of Chattanooga and Hamilton County want to buy 34.8 acres for Volkswagen.
The city and county may buy the property from the U.S. General Services Administration for $327,000, with each government paying half. But they had a chance to buy it 10 years ago.
“If we knew then what we know now, the property would have been acquired,” said Paul Parker, the county’s property manager.
The Chattanooga City Council is expected to vote Tuesday on a resolution concerning the deal and the county will take the purchase up later.
Parker said Thursday that he was asked by Volkswagen’s attorneys to buy the land, which lies within the footprint of the automaker’s new assembly plant at Enterprise South industrial park.