LOUISVILLE, Ky. — It is a valuable plot of land in southern Clarksville the town is working to take back.
Clarksville’s Town Council is moving forward with the eminent domain process to take back ownership of a piece of land near the old Colgate plant.
Council members held a vote on Sept. 5 approving the measure.
The move means the town can take away the property from its private owner, Clarks Landing Enterprise Investments.
They also own the Colgate plant land where the historic clock is located. Both portions of land have been undeveloped since 2014.
The town wants the small portion of land near the plant to build streets as part of their street grid.
For the former Colgate plant, Clarksville had offered to buy it for $6 million -- it's appraised value, according to the town's communications director. Clarks Landing had a counter offer for nearly four times that amount.
According to the News and Tribune, the town and Clarks Landing are involved in a federal eminent domain lawsuit over the land.
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