Knoxville officially takes control of McClung Warehouses

Knoxville officially takes control of McClung Warehouses

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KNOXVILLE (WATE) - The City of Knoxville formally took control Wednesday of six properties on West Jackson Avenue, including the historic McClung Warehouses.

Under an agreement singed by the bankruptcy trustee, the city paid $1.45 million for the properties to settle an outstanding lawsuit and acquire the land and buildings.

The properties were formerly owned by Mark Saroff and had been in receivership since 2010.

The buildings were gutted in a massive fire in 2007. Portions were later demolished, but other dilapidated sections still remain.

The titles to the property are now legally held by Knoxville's Community Development Corporation, the city's revelopment authority.

The city will soon issue a bid for short-term stabilization of the buildings, to protect them from further water damage and trespassers. City officials will also begin the process of developing a Request for Proposals from private developers, with the goal of returning the properties to private ownership sometime in 2014.

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