Reportedly
the Coach and Four closed in 1990 and the former Motor Lodge,
Restaurant, and Lounge remained derelict but standing for
fourteen years.
In
May of 2003 a developer called Renaissance Memphis LLC purchased
the 2.18 acre site for 125,000. The developer joined with
LeMoyne-Owen, a non-profit organization, in order to attract
public money to redevelop the site.
Other
area properties were also demolished in this latest "urban-renewal"
craze. Led my moneyed developers and their political hacks,
some of the projects involved the use of eminent domain
where local government seized private property and handed
it to commercial interests.
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