Real Estate Deal Between Church And School Falls Through
By Jason Lamb
NASHVILLE, Tenn. -- A middle Tennessee charter school is looking for a new home, and until recently, it looked like an East Nashville church might be the best fit. But now the church says that deal has fallen through.
Hobson United Methodist Church had been wanting to sell its building and property to Liberty Collegiate Academy Charter School, who itself has to move out of its current building before the beginning of next school year.
A deal between the two officially fell through Sunday with the church's leadership voting to look for someone else to take their property. Church leaders say the offer the school gave them wasn't nearly enough.
Liberty says it agreed to a lease of the building, which would have amounted to more than a million dollars in payments over 25 years. Church leaders say the school originally proposed a cash sale of between $100,000 and $200,000.