NASHVILLE, Tenn. (WKRN) — A scrapyard along the Cumberland River in downtown Nashville has officially been sold.

The 45-acre site on the east bank has recently been serving as a recycling center, processing scrap metal. It’s a landmark that has mostly stayed the same for decades while downtown Nashville has transformed.

The land is owned by Carl Icahn and currently home to SA Recycling.

According to the register of deeds, Icahn sold the property to an unnamed group of investors for $245 million.

Redevelopment of the east bank is underway, with ongoing construction on the $2.2 billion Nissan Stadium.

Nashville leaders, including former mayors John Cooper and Megan Barry, tried unsuccessfully to relocate the scrapyard outside of downtown Nashville. An auction for the site was planned for November 2024 but it never materialized.

It is unknown what the new buyers are planning to do with the site.

News 2 has reached out to Mayor Freddie O'Connell's office for comment.

News Source : https://www.wkrn.com/news/local-news/nashville/riverfront-scrapyard-sells-for-245m/