Liberty Channelside LLC prepared to buy Channelside for $7 million

11:24 AM, Feb 15, 2014   |    comments
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Video: Liberty Channelside LLC prepared to buy Channelside for $7 million


Tampa, Florida-- 10 News learned late Thursday night that a deal to buy the distressed Channelside property in downtown Tampa could be a matter of hours away.

Santosh Govindaraju of the Liberty Channelside LLC investors spoke with 10 News before boarding a plane to Delaware late Thursday night, saying the group planned to present a $7 million cashier's check at a federal court hearing in Delaware Friday. 

In court Friday, the Irish bank that currently owns the property heard from both the Liberty group, and the Tampa Port Authority, who already had a deal in the works with the bank to buy the area for $5.75 million.

The judge is supposed to make a ruling on Tuesday, February 18, at 4 p.m. 

Liberty has said in the past it hopes to make Channelside a viable entertainment complex that will have a positive impact in downtown. 

10 News will continue with updates after Friday's hearing. 

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