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"The people in the healthcare industry in Europe are very familiar with Nashville's public base of healthcare," says Market Center Management Co. Bill Winsor. "They view this as a huge opportunity for them to enter the U.S. healthcare market."
Texas based developer Bill Winson planned to turn the property on Broadway into a $250 million medical trade center. A virtual tour detailed plans to add 12 stories for additional space. On Thursday, company officials said they didn't have enough pre-lease space sold, and it was pulling out of the deal.
"Disappointing for the city because it would have been a great reuse of the facility," says Councilman Charlie Tygard. "You could see it coming, though. The period of time that kept dragging and dragging without an announcement had to be bad news."
It's also bad news for downtown businesses and hotels.
"I personally know the folks that have been working toward that, they've been staying at this hotel," says Hilton Hotel General Manager Ray Waters. "I've gotten to know them over the last couple of years and I know they're disappointed as well. I think Nashville and the hospitality industry is disappointed."
Amid a sluggish economy, the Medical Mart struggled to get tenants, which delayed and finally killed the project. Business leaders are optimistic.
"There is another opportunity out there," says Tygard. "We just need to get out there and start advertising what it is."
Tygard says the Convention Center property on Broadway will be in use through 2017, giving the city time to come up with another use for the property.
Friday, October 12 2012, 12:25 AM CDT
Man pleads guilty to Memphis officer's murder
May 21, 2013 22:22 GMT
MEMPHIS, Tenn. (AP) -- A former death row inmate is set to be released from prison after he pleaded guilty to second-degree murder of a Memphis police officer.
Shelby County District Attorney Amy Weirich said Tuesday that she has accepted Timothy McKinney's guilty plea.
McKinney was convicted of first-degree murder for the fatal shooting of Officer Don Williams. The officer was killed outside a comedy club in December 1997.
McKinney appealed and won a new trial, which ended with a deadlocked jury. A third trial earlier this year also ended in a hung jury.
The Commercial Appeal reports that McKinney was sentenced to 15 years in prison. Since he's already served more than 15 years -- including 11 on death row -- McKinney will be released this week.
Williams' family opposed the settlement.
Asia stocks rise as Fed official backs easy policy
BANGKOK (AP) -- Asian stock markets were mostly higher today after investor confidence was boosted by a Federal Reserve official's comments that the U.S. central bank should stick with its super-easy monetary policy.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: TEENS MOVING TO TWITTER TO DODGE PARENTS, OTHER BORES
WASHINGTON (AP) -- If you're one of those parents who are on Facebook in part to keep an eye on what your kids are up to -- here's a news flash: your kids are on to you and have moved to Twitter.
DOG BEACH WEAR
LOS ANGELES (AP) -- From bikinis to Hawaiian shirts -- it's time to gear up for the beach.