I'm conflicted about the following Tennessean story which is about a Habitat for Humanity in Tennessee selling off some of its land holdings to generate a healthy sum of funds. I'm assuming that the new funds and/or earnings from the invested new funds will provide ongoing support to pay for program (i.e. building houses). My conflict: if the original purpose of the now sold land was for building house, won't there be a lot few houses now and subsequently, the call to question the board's fulfillment of its duty of care? What's your thoughts?
Quarry operator buys 183 acres off Whites Creek Pike
Rogers Group once planned to expand mining operations across Knight Road
Rogers Group Inc. has paid $1.83 million for land the company considered as part of a previously planned expansion of its mining operations off Whites Creek Pike.
The Nashville-based provider of crushed stone, sand and gravel, asphalt and highway construction bought the property from Habitat for Humanity of Greater Nashville.
The roughly 183 acres on Gynnwood Drive and Trinity Hills Parkway is adjacent to 60 acres of vacant land Rogers Group already owned across Knight Road from its current rock quarry and asphalt plant.
Rogers Group Chief Executive Jerry Geraghty said the purchased land expands the buffer to that existing quarry. "We have no immediate plans for expansion," he said, referring to the company nixing its previous plans to relocate the quarry operations, including the asphalt plant, underground across the street.
When Rogers Group's pursuit of the roughly 183 acres became publicly known more than a year and a half ago, the company had said the planned relocation of its mining operations would significantly reduce noise, dust and odor and help Metro achieve its goal of more green space.
Geraghty said the previous plan was to donate most of the land the company bought from Habitat for Humanity to the community for a park. That overall plan also would've included building a tunnel below Knight Road to access the limestone on the other side.
Neighborhood groups such as Haynes Manor Neighborhood Association were skeptical about Rogers Group's claims about the potential positive results of taking the operation underground. They feared the planned expansion would extend the quarry’s life beyond the 25 years the company claimed was left and also hurt property values.
"When their life span runs out in their current location, we would like for them to relocate, but not in this area," said Joyce George, secretary of the Haynes Manor Neighborhood Association.
George, however, credited Rogers Group for planting trees, bushes and painting equipment among recent aesthetic improvements at its current quarry property.