More than two years after Clarksville officials started legal action to take over the former Colgate property, they reached an agreement with the property owner.
Clarksville officials have agreed to drop an eminent domain lawsuit against the owner of the former Colgate-Palmolive property, as development plans progress. The Clarksville Town Council and Redevelopment Commission voted at a special meeting Tuesday to approve a settlement agreement with Clarks Landing Enterprise Investments, LLC, the owner of the historic property, known for its giant clock.
Plans are preliminary but firm founder Bill Weyland said they could include a hotel, restaurants and convention center. The town brought the lawsuit more than two years ago after concerns that the property owner had failed to make headway on development plans for the site that once held a state prison and later a Colgate-Palmolive manufacturing plant.
Officials worried the buildings were falling into disrepair and would need to be demolished. Town officials previously said their main goal was to see progress, not necessarily to own the space long-term, though the lawsuit was meant to let the town take the property.
The property sits at the top of what’s now Main Street in South Clarksville, part of the buildout of a new downtown near the Ohio River. Weyland, behind the company that’s part of projects including Whiskey Row Lofts in downtown Louisville, said he’s excited to be involved with the former Colgate property.
He said he’s always loved working on things steeped in history. "It makes things authentic and it's the foundational element of making a really exciting project," he said. He said it was important to connect the community and property owner and get all the parties working in the same direction. "Public-private, joint ventures are the critical part of all this kind of stuff," he said.

He said the eminent domain issue was a big hurdle to potentially overcome. But he appreciated the conversations with town officials, and "now I feel like I'm freed up to really…

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