NASHVILLE, Tenn. (WTVF) — A longtime Nashville landmark that some have called an “eyesore” has just sold for $245 million, making it one of the largest land deals in the city’s history.
The 45-acre scrapyard property on the East Bank, next to Nissan Stadium, has been home to SA Recycling for years.
The site, owned by billionaire Carl Icahn, served as a scrap metal processing center while the rest of downtown has transformed around it.
Previous city administrations had tried to relocate the scrapyard but never succeeded.
Now, the high-profile site has new owners though their plans for the property have not been announced.
The sale comes as the East Bank undergoes major redevelopment, with mixed-use projects and a new Nissan Stadium in the works.
Given the prime location along the Cumberland River, many expect big changes ahead.
