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Cookeville council approves $3.2 million purchase of HCA property for downtown parking and redevelopment
Summary
The Cookeville City Council voted 4-0 to buy approximately 5.07 acres from HCA Health Services of Tennessee for $3.2 million to add parking, green space and future commercial development; staff said environmental remediation and utility upgrades are expected and work is underway to assess the site.
The Cookeville City Council on May 15 approved a contract to purchase roughly 5.07 acres of property from HCA Health Services of Tennessee at 39 Depot Street for $3,200,000 to provide downtown parking, a park area and space for possible commercial development.
City Manager Mills told the council the property could yield an estimated 100 to 150 off‑street parking spaces on about 1 to 1.5 acres, with the remainder used for green space and potential commercial development. Mills said the contract would purchase the property “as is,” and that the city plans to hire an environmental assessment firm to update previous studies and identify any needed mitigation.
The purchase matter drew praise from council members who described the site as key to downtown revitalization. "This is an amazing project. I think it will be one of the most important things…
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