Loudon County Commission Agenda Packet 2026-05-18
Ground lease with purchase option to Loudon Entertainment
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Description
Loudon County and the City of Loudon confirm that Loudon Entertainment, LLC has exercised its option under a 2021 ground lease to purchase a 10.31‑acre parcel in Centre 75 Business Park for $402,400, with rent credits applied. The Commission resolution documents the prior lease and option arrangement as part of the approval to convey the property to the tenant’s designee.
Contract Details
Contract Amount
$402,400 (purchase price crediting all rent paid under lease); Ground lease rent amount not stated
Vendor
LOUDON ENTERTAINMENT LLC
Agency
Loudon County, TN
Contract Type
FACILITIES
Document Date
May 18, 2026
Contract Term
Ground Lease dated May 1, 2021; purchase option exercised April 1, 2026
Renewal Info
Lease includes a purchase option; later assigned to The Whitener Company, LLC. No explicit renewal terms described in the resolution excerpt.
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