All,
This was on the Herald internet site this morning.
Mark Bridges
Columbia, Tennessee Daily Herald
BREAKING NEWS: GM in contract to sell Rippavilla land
By Staff Reports
General Motors Corp. has entered into a contract to sell more than 500 acres near the historic Rippavilla home for development, a company spokeswoman said Wednesday.
GM reached the agreement with SLF Acquisitions LLC Friday, said Kate Neary, a spokeswoman for the Spring Hill assembly plant.
“They have passed all elements of review with General Motors,” she said.
Neary said she could not disclose the price or how the land would be developed. She said the land would be used for residential and commercial properties similar to existing developments along U.S. Highway 31.
Neary said she expects GM will close on the sale by the end of the year.
Some historical preservation groups have been critical of GM’s decision to sell the Rippavilla property for development. A Civil War skirmish was fought on the land, and the Tennessee Preservation Trust named it one of the state’s most endangered historic properties.
Neary said GM is working to donate 100 acres near the mansion to Rippavilla Inc., a nonprofit organization that maintains the antebellum home.
GM will also donate $1 million over 10 years for the maintenance of the home, she said.
This was on the Herald internet site this morning.
Mark Bridges
Columbia, Tennessee Daily Herald
BREAKING NEWS: GM in contract to sell Rippavilla land
By Staff Reports
General Motors Corp. has entered into a contract to sell more than 500 acres near the historic Rippavilla home for development, a company spokeswoman said Wednesday.
GM reached the agreement with SLF Acquisitions LLC Friday, said Kate Neary, a spokeswoman for the Spring Hill assembly plant.
“They have passed all elements of review with General Motors,” she said.
Neary said she could not disclose the price or how the land would be developed. She said the land would be used for residential and commercial properties similar to existing developments along U.S. Highway 31.
Neary said she expects GM will close on the sale by the end of the year.
Some historical preservation groups have been critical of GM’s decision to sell the Rippavilla property for development. A Civil War skirmish was fought on the land, and the Tennessee Preservation Trust named it one of the state’s most endangered historic properties.
Neary said GM is working to donate 100 acres near the mansion to Rippavilla Inc., a nonprofit organization that maintains the antebellum home.
GM will also donate $1 million over 10 years for the maintenance of the home, she said.
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