Tuesday, September 02, 2008

Theft on Music Row The first hearing in a Music Row property seizure case was postponed Thursday when a city agency decided instead to ask a Nashville judge to consider its proposal to settle the dispute. The Metropolitan Development and Housing Agency asked to delay a hearing scheduled for Friday morning so it could formally introduce a proposal to divide Music Row business owner Joy Ford's property in half. The proposal is meant to end a dispute that has halted a $100 million plan from a Houston firm, Lionstone Group, to redevelop a three-acre plot on the Music Row roundabout. The city's court filing was made less than a day before lawyers for the MDHA were scheduled to ask Circuit Judge Barbara Haynes to approve a petition that would have let the agency seize Ford's building at 23 Music Circle E., and its 9,000-square-foot lot, for $900,000 in compensation. Earlier this year, the MDHA agreed to acquire the property for Lionstone and resell it to the firm at cost....

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