Wednesday, March 28, 2012
Around Town Pedal to the Metal: Can the Mayor Move PSC?
Posted by Jim Ridley on Wed, Mar 28, 2012 at 7:08 AM
PSC has no reason to readily vacate its spot on the east bank outside of a major financial incentive, a factor that’s created one of the greatest impediments to relocation. Its current location provides the three components the company needs to function: access to the interstate, the railroad and barges along the river.That combination has made it tricky to find another location in Nashville where PSC could thrive. Acquiring the land via eminent domain, many say, is simply not an option. First, the company, as a metals scrap plant, is a necessity for the city. In addition, the Metro Development and Housing Agency is in the midst of a public relations fiasco after a judge ruled Tower Investments, a development group, deserved more for its Music City Center land than the city paid through condemnation. Metro has appealed that decision.
Perhaps the biggest surprise in Garrison's article: the identity of the controversial financial wheeler-dealer who actually owns PSC. At least it was a surprise to me.
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