Harriet Tubman is back on the market.
Chattanooga Housing Authority Vice President of Development Naveed Minhas says he's disappointed they didn't close on the 2.85 million dollar deal with Lakeside Realty out of Chicago.
The company wanted to do a "dry closing" and wait to pay the full amount January 22nd.
But the board didn't accept that offer.
"I recommended to the board that they accept it. Because I thought it was a pretty safe bet from our stand point. But they did not," Minhas said.
Minhas says the housing authority is once will once again begin accepting proposals from potential buyers.
They already have one offer of $2.9 million on the table.
"We are requesting that the interested bodies put in their proposal by February 14th. That will allow them a month or so roughly to get their paperwork together and then allow us some time before the February board meeting to evaluate the proposals," Minhas said.
City councilman Yusef Hakeem says this gives the city another opportunity to develop the property.
They made a million dollar offer last summer but withdrew it in September.
"I'm of the opinion that both the mayor, Mayor Berke, the administration, as well as the council and the community, that partnership can make this happen," said Hakeem.
Local Activists like Perrin Lance says he hopes thing the community can be more involved this time around.
"The people in the peoples coalition for affordable housing want to see the Tubman site go for affordable housing for low income people. If it goes to economic development however, there needs to be a guarantee that there are jobs available to the people of that community," Lance said.
As of right now the city does not have an offer on the table.