A Franklin nonprofit organization is putting off the purchase of a vacant piece of property near Interstate 65, where a motel once stood.
Unpaid taxes and other outstanding debts on the former Red Carpet Inn property total more than $180,000. The Franklin Development Corp., which had tried to arrange to buy the property, now plans to wait until it can obtain it at a lower price through a tax sale.
But that sale likely won’t happen until at least early next year. Unless a new buyer steps in, the visible location just west of I-65 on State Road 44 won’t be developed for a new business, such as a hotel or restaurant, any time soon.