Sounds Issued Notice of Default - | Nashville News, Weather & Sports

Sounds Issued Notice of Default

Metro issued a Notice of Default today to the Nashville Sounds Baseball Club for failing to develop the Thermal Plant Property pursuant to a memorandum of understanding (MOU) with the city.

"Given that the conduct of the Sounds is a total and unqualified refusal to perform the MOU by taking the actions and accepting the responsibilities it agreed to take and accept in February 2006, when the Sounds induced the Metropolitan Government to enter the MOU by agreeing to the terms of the MOU, the Metropolitan Government is forced to invoke the Default Provisions of that MOU as set out in Section 8," acting Metro Legal Director Sue Cain wrote in a letter to Sounds Chief Operating Officer Glenn Yaeger.

Mayor Bill Purcell said if the Sounds are unable to cure the default, as allowed under the MOU, he will put development of the Thermal Property into the Riverfront Development plans that are underway.

"The plans for development of the Riverfront which have been ongoing with the Parks Department and the U.S. Army Corps of Engineers, will be enhanced with this property now immediately available," said Purcell. "I plan to recommend funding for the first phase of the Riverfront Development project in this year's Capital Budget and this will be a key link tying the current Riverfront Park to the Rolling Mill Hill and SoBro developments, East Bank and downtown."

The Sounds MOU will expire on April 15, 2007. The Metro Council voted 38-0 on Tuesday night to reject an extension of the MOU to October.

Purcell said he believes minor league baseball is an asset to the city's sports offerings, but he said he will continue to insist that the city should not bear the risk for the construction of a baseball stadium.

Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 NewsChannel 5 (WTVF-TV) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.