Editorial: Buying site an investment in Franklin’s future growth

One of the first things many people encounter when they exit the interstate at Franklin is an empty commercial site.

They used to see a deteriorating motel that had become an eyesore. But the city moved in and razed the structure for safety reasons and to make the site easier to redevelop. Now the land is close to being sold and redeveloped by a taxpayer-funded organization.

The Franklin Development Corp. made an offer of $175,000 to buy the land near Interstate 65 and State Road 44, where the former Red Carpet Inn was demolished this year. The property is part of a bankruptcy case, but the court has approved a sale.

Craig Wells, president and chief executive officer of the Franklin Development Corp., said another approval is needed through the court, but the city-formed organization hopes to be able to finalize the sale by the end of the year. The next step would be to redevelop the eastside Franklin property, he said.

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